Employee Tax & Finance Expert
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Hello, I am Amita. I am a CPA.
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Hello Walker69, Your distributions from traditional 401(k) will be taxed as regular income.
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Depends whether your 401(k) withdrawal is from Traditional 401(k) or Roth 401(k). It also depends on your age and the reason of withdrawal. It is taxed as Ordin...
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Rolling over part of an IRA to a Roth IRA does not count for RMD. You must take your RMD first from your traditional IRA before you can convert funds to a Roth...
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It is a smart move and great financial planning tool to slowing move your traditional nontaxed IRA funds into Roth IRA, especially during years when your income...
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The money you leave in your 401K that is untaxed in your lifetime, will be taxed as ordinary income when your beneficiaries take the distributions. How much tax...
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