https://ttlc.intuit.com/community/retirement/discussion/re-401k/01/3080517#M203198 <P>Hi&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/900603">@afpgdp</a>&nbsp;!</P> <P>&nbsp;</P> <P>Based on what you've shared your income should be lower next year so the tax impact would be less.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Hope this helps!</P> <P>Cindy</P> Wed, 26 Jul 2023 22:17:07 GMT Cindy4 2023-07-26T22:17:07Z https://ttlc.intuit.com/community/retirement/discussion/401k/01/3080512#M203197 <P>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?</P> Tue, 24 Feb 2026 06:51:22 GMT https://ttlc.intuit.com/community/retirement/discussion/401k/01/3080512#M203197 afpgdp 2026-02-24T06:51:22Z https://ttlc.intuit.com/community/retirement/discussion/re-401k/01/3080517#M203198 <P>Hi&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/900603">@afpgdp</a>&nbsp;!</P> <P>&nbsp;</P> <P>Based on what you've shared your income should be lower next year so the tax impact would be less.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Hope this helps!</P> <P>Cindy</P> Wed, 26 Jul 2023 22:17:07 GMT https://ttlc.intuit.com/community/retirement/discussion/re-401k/01/3080517#M203198 Cindy4 2023-07-26T22:17:07Z