Bwill2288
New Member

Retirement tax questions

@Opus 17 Is this true for married couples filing joint or can both parents only withdrawal if they are filing separately? For ex:

- baby born in Feb 2024

- dad takes out 5k from his regular 401k June 2024

- mom takes out 5k from her Roth 401k June 2024

- they file married/joint 

How would the above be penalized/taxed?