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nkyguy1988 t1_jecv7ko wrote

Reply to comment by Overthinkingopal in Why would I pay more than 20% when withdrawing from a 457? Am I gonna be screwed for early withdraw? by Overthinkingopal

Forgot you said 457. That would be true. Depending on your income tax rate, your actual tax obligation may be more or less than 20%. Considering there isn't a tax bracket that is 20%, it's highly likely you either over or under pay. Withholding on withdraw does not equal your final tax obligation.

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