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Retirement tax questions
There is an automatic mandatory 20% tax withholding for 401(k) distributions but you can request that more be withheld if your marginal tax rate will be higher then 20%. With withholding, estimated tax is not necessary.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
May 11, 2021
11:06 AM