I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?
Briefly

"Taking your money out of your 401(k) retirement plan in a lump sum gives you immediate access to your money. You gain full control over your savings and can allocate it as needed without restriction."
"A one-time withdrawal gives you full access to your funds, but hands you a substantial tax bill as well. There are better ways to withdraw funds that don't penalize you and open you up to other problems."
Read at 24/7 Wall St.
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