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

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

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

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

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