KarenL4
Employee Tax Expert

Retirement tax questions

NN23,

If you are 69 and retired, you will be taxed on the 401K withdrawal) (that was previously put in the account as untaxed (pre-tax) money, but you will not pay a penalty.  If you are withdrawing after tax money, you won't be taxed on the w/d, but you will on the earnings.

Good luck with those teeth!

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Best,

Karen

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