Have a Tax Question? Ask a Tax Expert
A distribution form a 401k is taxable. You are over 59 1/2 so you will not have a penalty for early withdrawal but the tax will apply.
The amount will be added to your income and even some of your SS will be taxable (not all just some).
Would you like me to do an estimate?
At single your tax would be estimated at $31,000 (plus or minus $200).
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