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Updated over 5 years ago on . Most recent reply

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Sammy Weinstein
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Sammy Weinstein's profile image
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Personal Finance

When are taxes due on a cashed out 401k?

Sammy Weinstein
Posted

Am 60, and have $300,000 with my employer. If I were to cash it out totally, are the taxes due taken out of the $300k straight away, or when I do my taxes next year?

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