Planning Ahead

Saving For Retirement

Do I have to pay taxes on my 401k account?

No, the 401k can grow tax free, until you begin making withdrawals when you retire. At that time, you will pay taxes on the amount of income that you have during your retirement years.



Close

This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App