I am retiring at age 63. What kind of tax will I pay when I leave my job?
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I am retiring at age 63. What kind of tax will I pay when I leave my job?
Tax on what? Severance pay? Some other tax?
Sorry, I meant to say - What kind of tax will I pay on my 401K when I leave my job?
You will pay ordinary income tax on whatever amount you withdraw from your 401(k) and/or IRA.
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