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re: Income Tax in Retirement Questions

Posted on 5/26/16 at 4:19 pm to
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 5/26/16 at 4:19 pm to
Withdrawals from a 401K retirement account are taxed as ordinary income, not capital gains.
This post was edited on 5/26/16 at 4:20 pm
Posted by Y.A. Tittle
Member since Sep 2003
102017 posts
Posted on 5/26/16 at 8:43 pm to
quote:

Withdrawals from a 401K retirement account are taxed as ordinary income, not capital gains.


They also have certain mandatory distribution rules, so you just can't hang onto all that less tax advantageous money until you use all the more tax advantageous you have.
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