Published on
12:28 GMT
I'm 60, retired, and have $2 million in my 401(k). How do I plan my withdrawals in a way that minimizes taxes?
You can start taking money from your 401(k) penalty-free at age 59 ½. So you shouldn't be penalized if you are 60 and beginning to withdraw money from your retirement plans. However, you will still be taxed at your ordinary income tax rate, so you’ll …
Source:
Yahoo News
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