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Author: Pearl5937 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25316  
Subject: My sister just retired Date: 11/29/1999 7:05 PM
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Just a quick question:

My sister just retired. She has a 401K that she is planning to take out over a 10 year period. It is not a lot of money. She will get about $800 per month in addition to her social security. My question is this:

Since the distribution in addition to her social security will add up to about $1,600 per month ($800 + $800), will she have to pay any tax?

Her "income" from her 401K will only be about $9,600 per year. I can't imagine that she would have to pay much tax on that amount. She is saying that she will.
Feedback would be appreciated.

Thanks!

Pearl
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