- Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Key Takeaways
- Withdrawals from traditional IRA and 401 (k) accounts are taxable.
- You won't pay higher taxes on your other income, just on the retirement account withdrawals. That's the way marginal tax brackets work.
www.investopedia.com/ask/answers/030316/do-ret…- You’ll owe income taxes on any income you withdraw from a traditional, SEP, SARSEP or SIMPLE IRA. Income taxes do not apply to withdrawals from Roth IRAs.
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