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motoravab

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Post Posted: Fri Nov 05, 2010 3:28 pm    Post subject: cashing in 401k
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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?
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jameshogg




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Post Posted: Fri Nov 05, 2010 7:57 pm    Post subject:
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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
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