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re: Taking money out of retirement

Posted on 11/12/13 at 12:11 pm to
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15054 posts
Posted on 11/12/13 at 12:11 pm to
Depends on what you mean when you say "retirement account," depends (maybe) on why you're taking it out, depends on a lot of things. Without more details no one can answer this.
Posted by Tete Verte
Livin on Tulsa time
Member since Jan 2013
41 posts
Posted on 11/12/13 at 12:48 pm to
quote:

Depends on what you mean when you say "retirement account," depends (maybe) on why you're taking it out, depends on a lot of things. Without more details no one can answer this.

I apologize as I am not very knowledgeable in this area. This is dealing with my 401K. I was behind on a few bills, so I asked to withdraw $4,000 out of my account. They lady I spoke with on the phone told me that I would have to file it on my taxes? Again, I apologize as I do not know much about this kind of stuff
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