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R
ralphpranckus
March 10, 2020
Question

How do I avoid Underpayment Penalties when I withdraw monies from my 401K (I am retired)

  • March 10, 2020
  • 1 reply
  • 0 views
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1 reply

I
Irene2805
March 10, 2020

You can avoid underpayment penalties when withdrawing money from your 401K by making sure the plan administrator withholds a sufficient amount (both federal AND state) from the distributions.  Discuss your situation with the plan administrator.

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