Here They Come! Why Congress Might Have to Mess with the 401(k) | TigerDroppings.com
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WildTchoupitoulas
"Tombstone"
Member since Jan 2010
18414 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)

quote:

The statement is accurate

It will be taxed when it is spent, in all probability.


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)
quote:

It will be taxed when it is spent, in all probability.

quote:

Some

Some won't be.....in all probability, just as the statement said.

I'm going to do my best planning to avoid paying taxes on my 401(k), IRA rollover withdrawals whenever I start withdrawing by attempting to withdraw only an amount that won't put me into a taxable income situation.

Or, if I can't, I plan on making charitable contributions to negate the taxable income amount.


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