401k

[afpgdp]

I’m retiring in September and our income will drop approx $50k next year. I want to withdraw some of my 401K is better to wait until next year or will the taxes be the same if I take some this year?

[Cindy4]

Hi @afpgdp !

Based on what you've shared your income should be lower next year so the tax impact would be less.  

Hope this helps!

Cindy