Posted on: 05th Nov, 2010 03:28 pm
I'm 65 and I want cash in my 401k and use 100% of it to pay off my house. Is it still taxed as income?
Hi motoravab,
As you're 65 years old, you won't have to pay the taxes if you withdraw money from your 401k account.
Thanks
As you're 65 years old, you won't have to pay the taxes if you withdraw money from your 401k account.
Thanks