You may want to think twice before withdrawing money from your 401(k) — here’s how it will be taxed

0 commentsPersonal Finance

Whether you’re approaching retirement age or have decades to go, hopefully you’re stocking money away into your 401(k). Regardless of what happens in the future with Social Security, your 401(k) will likely be your primary source of income. Understanding just how 401(k) accounts work and how withdrawals are taxed is essential so that you can ….  Read More