by timb24 on December 16th, 2007

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401K question - My 401k contributions are taxed by the state i live in now. If I retire in a state that taxes withdrawals, will i get taxed again?

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by AssetAllocator on January 10th, 2008
Yes. If you live in Pennsylvania, which does not recognize the tax deferred status of 401k contributions(they consider them part of your income), and you retire in North Carolina which does treat contributions as tax deferred: North Carolina will tax you on your withdrawals.
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401K question - My 401k contributions are taxed by the state i live in now. If I retire in a state that taxes withdrawals, will i get taxed again?

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401K question - My 401k contributions are taxed by the state i live in now. If I retire in a state that taxes withdrawals, will i get taxed again?

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