Here’s How 401k Withdrawals Are Taxed
One of the main benefits of a 401k plan is that contributions and earnings grow tax-deferred. No matter how much money you earn in your 401k, you won’t have to worry about paying taxes on those gains until you take a distribution. In the case of a Roth 401k, you may be able to avoid taxes altogether.
Read the story: How Are 401k Withdrawals Taxed?
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