Q&A: How Much Tax on 401(k) Withdrawal?

[@davidfolts5893]

Thank you, Justin! Great video!

[@BradMangas]

Very helpful video. I enjoy these "what if" type of videos. Maybe I can come up with a questioin or two myself. Thanks for doing this.

[@Ntsu345]

Do a video on withdraw from a IRA

[@johnjkalicki4712]

Great video. Loved the resources. Well executed.

[@jdgolf499]

You did effective tax rate correctly It's meant to capture tax rate based on all income, not just taxable.

[@BlainsTube]

I've rolled all 401k's into IRA's. * No administrative costs * No mandatory 20% withholding * Freedom of investment options

[@leisure057blank3]

Now roll it into a Roth, lol.

[@FrankBatistaElJibaro]

Very informative thank you.

[@coastalhillbilly3419]

Thanks for Dinkytown

[@dontabor1036]

Wasn’t there any federal withholding on the base income? This would likely make them getting a refund

[@JustinOnRetirement]

Yes, if the tax withholding at work was more than a few hundred dollars (as it likely was), then you would expect to see a refund. It probably would have been good to add that to the video. Next time!

[@makonnenzerfu4045]

Please answer questions in a generic way