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I'm 69 years old, not married, an income too low to file income taxes. I want to withdraw $4000 from a (fully vested) small old 401k from work as I have cancer and expenses. Living in AZ do you know how much taxes will be withheld by the Financial Institution?
There is a mandatory 20% federal income tax withholding and also depending on which state you live, mandatory state tax withholding may apply. Some states will allow you to opt out of state taxes so please check with your recordkeeper.
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