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Retirement tax questions
If the retirement income is exempt for usual purposes then it is probably also exempt when withdrawn for other reasons. But I think clarification is needed on what the legal type of plan actually is*, and what it's status is under WV law.
*Many people think of "401k" to describe any defined contribution retirement plan, but there are many different types of defined contribution plans in the tax codes and they sometimes have very different rules and tax treatments.
*Many people think of "401k" to describe any defined contribution retirement plan, but there are many different types of defined contribution plans in the tax codes and they sometimes have very different rules and tax treatments.
May 31, 2019
5:43 PM