elc54
Feb 26, 2010, 10:13 AM
I am retiring at age 63. What kind of tax will I pay when I leave my job?
JudyKayTee
Feb 26, 2010, 10:15 AM
Tax on what? Severance pay? Some other tax?
elc54
Feb 26, 2010, 10:22 AM
Sorry, I meant to say - What kind of tax will I pay on my 401K when I leave my job?
ebaines
Feb 26, 2010, 10:35 AM
You will pay ordinary income tax on whatever amount you withdraw from your 401(k) and/or IRA.