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Withdrawing entire 401k at age 71
Withdrawing entire 401k at age 71 My mother is 71. She plans to retire from her full-time job by mid December In this upcoming January 2025, she would like to take her entire 401(k) balance of $47,000 out. At the time she would take this money, her 2025 yearly income from Social Security will be $14,000 a year. She would have no other income. After she pays taxes, how much could...
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