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    Reltok's Avatar
    Reltok Posts: 0, Reputation: 1
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    #1

    Jan 10, 2011, 05:23 AM
    401K Federal Tax
    If I start withdrawing from my 401K after I reach 70 years old, will I have to pay Federal Income Tax?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 10, 2011, 10:37 AM

    Yes, withdrawals from a 401(k) are taxable, assuming it's a regular 401(k) and not a Roth 401(k). There's a minor exception if some of your account consists of after-tax conftributions, but that's pretty rare in a reguar 401(k) account.
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