mlvmlv
Aug 28, 2010, 07:20 PM
I am retired at age 53 and receive a monthly pension. At 62 I filled for social security and also receive monthly benefits. I have a 401k from where I retired and want to withdraw it all to help purchase a home (not a first time buyer).
1) Will withdrawing my all my 401k effect my monthly social security benefits?
2) Withdrawing my 401k plus my monthly pension and social security benefit will total a one-time income of $136,000. How will this effect my income tax for that year?
1) Will withdrawing my all my 401k effect my monthly social security benefits?
2) Withdrawing my 401k plus my monthly pension and social security benefit will total a one-time income of $136,000. How will this effect my income tax for that year?