He hasn’t paid taxes on his 401K contributions because those are tax deferred. You’re mixing apples and oranges.
He hasn’t paid taxes on his 401K contributions because those are tax deferred. You’re mixing apples and oranges.
You are correct abut deferred but that wasn’t the question.
The question was about what he’d pay on withdrawals which can make or which are mandated at a point of age, 70 1/2 yrs I think.