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re: Income Tax in Retirement Questions
Posted on 5/26/16 at 8:43 pm to Layabout
Posted on 5/26/16 at 8:43 pm to Layabout
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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