I took money from my 401k because I stopped working for that employer. Do I need to pay taxes on that?

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1 Best answer

Alumni

Jun 6, 2019 4:50:40 AM

Unless you rolled it over to an IRA or another employer's 401k, you will have to pay tax on the withdrawal.

Alumni

Jun 6, 2019 4:50:40 AM

Unless you rolled it over to an IRA or another employer's 401k, you will have to pay tax on the withdrawal.