Re:Early Retirement (2006)
by BeetleB on Wednesday August 04, 2021 @01:04PM
(#28063483)
> If you withdraw from a 401k, doesn’t that become taxable income?
Currently, if you're married, the first $24K or so is tax free. If you're in California, there are plenty of credits/deductions, so it's likely more than $24K.
Also, you can have a 401K Roth, where all withdrawals are tax free.
Currently, if you're married, the first $24K or so is tax free. If you're in California, there are plenty of credits/deductions, so it's likely more than $24K.
Also, you can have a 401K Roth, where all withdrawals are tax free.