Tax on 401k distributions
I have a 401k at my place of employment. My employer, which is a state governmental agency. The employer contributes about 8% of my salary amount each month, and I contribute about 6%. When I make withdrawals upon retirement, will my contributions only taxable amount, or will the entire amount be taxable.
Thanks.
Permalink Submitted by Alan - IRA critic on Mon, 2015-05-04 23:46
The entire amount will be taxable.