06-26-2007, 09:53 PM | #1 |
Senior Member
Join Date: Apr 2006
Location: Utah
Posts: 525
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401K/retirement questions...
1. Once I start making withdrawals after age 59.5, will my withdrawals be taxed at the normal income tax rate, or will it be taxed as a long-term capital gain?
2. Will the investment gains made in my 401K account after I'm age 59.5 continue to be tax deferred? Or is there a point that the gov't says, "Okay, no more tax deferred benefits for you" and start to not only tax my withdrawals but also make me pay taxes every year on the yearly gains on the account? |
06-27-2007, 06:55 PM | #2 | |
Senior Member
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
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Quote:
2A. Yes .... investments that are tax deffered stay tax deffered until used. Note: I am not a financial planner or a tax accountant so I could be wrong.
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