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Community: Investing Wiki

Term Of The Hour

inherited 401k tax: Original post by Maggie McCormick of Demand Media Inheriting a 401k from a relative who's died might seem like a curse when you realize that you'll have to pay taxes on the money, because the account was funded with pretax dollars. However, you won't have to pay the typical 10 percent penalty that the original owner would have been charged if he'd withdrawn the money early. Look at your options…

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