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Duby2010
July 15, 2021
Question

Is it better to take money from the 401k or sell stock. My income is 24k military pension. Have not taken SSA yet

  • July 15, 2021
  • 1 reply
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    V
    VincentL12345
    July 15, 2021

    Your tax bracket will determine what is best for your circumstances.

     

    401k withdrawals are always taxed at ordinary income tax rates. Stock sales can either be short or long term. If you sell short term, this is taxed at ordinary income tax rates. Long term rates are lower.

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