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Retirement tax questions
Yes. I have to withdraw fully by year 10.
I would only have to claim the lump sum as income. I’m trying to get a rough estimate on what that will do to me in 2025. I am on the lower end of my tax bracket but I don’t fully understand how taxes work. Apparently I am in the 24% tax bracket but the amount I owed this year did not equate to 24% from my Gross adjusted income.
March 11, 2025
4:23 PM