Is withdrawal from a 401k after age 59 taxable?

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1003865

2026-07-18 08:20

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Yes, withdrawals from a 401(k) after age 59½ are generally subject to federal income tax. While you can take distributions without incurring the 10% early withdrawal penalty, the amount you withdraw is still taxed as ordinary income. It's important to consider any state taxes that may apply as well. Always consult a tax professional for personalized advice.

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