Archive for December, 2012

How do the withholding tax rules work for Solo 401(k) Plan distributions?

December 20th, 2012

In 1993, Congress passed a mandatory withholding law. The law requires your plan administrator to keep 20% of all qualified plan distributions to pay federal income tax before distributing the remainder to you. There are, however, some exceptions to the mandatory withholding rule. For example, amounts that are transferred directly from the trustee of your […]

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