401k withdrawl after 59.5

jagsr1 · #1 Mar 17, 2007, 01:52 PM

What is my tax liability if I withdraw from my 401k after 59.5 ?

pbologna · Mar 27, 2007, 03:11 PM

Quote:

Originally Posted by jagsr1

What is my tax liability if I withdraw from my 401k after 59.5 ?

Orinary income taxes on all distributions, but no 10% early withdrawal penalty since over 59.5. may consider taking a loan from your 401k and avoid tax consequences.



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