Only the gain is taxable if you cash in at 59 1/2,  that is the amount of value
over and above all contributions.

In my case I left it there until age 65 and rolled it all into an annuity which
pays a monthly income for life.
That together with SS makes for a comfortable retirement income.


  ----- Original Message -----
  From: brobborb
  To: CF-Community
  Sent: Tuesday, August 10, 2004 10:18 PM
  Subject: Re: 401k question

  I read that whenu pull your money out when you're 59 or something, that money
is taxable.  So why not just put it in a personal savings account?
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