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Jan 18, 2020
12:12:35pm
Chicago Cougar All-American
Set Tax Withholding for 401k
I believe there is a set amount your 401k provider is require to withhold for taxes for any 401k withdrawal. I think 20%.

The tax brackets allow you to earn up to $80k (after standard or itemized deductions) annually before your tax rate goes from 12% to 22%.

Always good to have a stash of post-tax cash you can access to help manage taxes in retirement.
Chicago Cougar
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Chicago Cougar
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Dec 4, 2002
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May 2, 2024
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