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To: Bread Upon The Water who wrote (19793)	5/1/2008 10:13:05 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 149317

Withdrawals from IRAs and 401Ks get taxed at your regular rate; everything you take out. Withdrawals from Roth IRAs and 401Ks are entirely tax free. I'm hoping to take out just enuf so I don't get taxed. I did some playing around with numbers a few years ago, and I think, in addition to SS, I can earn 15K & still avoid taxes. My hope is to withdraw as little as possible and let my kids inherit it. Unless the gvt begins to spend money the way I want it to, in which case I'll take out more and pay the taxes.

To: Bread Upon The Water who wrote (19793)	5/1/2008 10:43:04 AM
From: manalagi	Read Replies (3) \| Respond to of 149317

Contribution to 401K is pre-tax, so that everything in 401K is subject to ordinary tax upon withdrawal when a person reaches 59 1/2. Roth 401K, which was introduced recently is a different story.