Quote:
Originally Posted by Russ_Boston
To the best of my knowledge (I have done some research):
A tax deferred investment (401k, traditional IRA) you can start withdrawals at 59.5 y.o. Yes you will declare this as income at tax time. They will withhold 20% at withdrawl time and give you a statement at year end.
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I believe the 20% withholding only applies to the 401k, not IRA distributions.