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Retirement tax questions
Technically the $117 excess would come out first, but that doesn't really matter since it will be taxed the same way as additional amounts distributed. It would be different if the excess was a contribution to a designated Roth account in the 401(k) where the $117 and any earnings attributable the $117 would be the first amounts out and would be taxable.
March 14, 2024
6:30 PM