Dispursment from 401k
Trying to understand something here. If I take a disbursement from my company plan 401k after retirement do I have to file a 1099 like I would if it was a solo401k? I guess what I am trying to ask is what is the difference between taking disbursement from the run of the mill 401k and a solo401k? I am getting a solo soon and just wanting to know what will happen in twenty years when I decide to take payments from either type.
My broker is beside herself for me asking that question and sounds suspiciously like one of our presidential candidates on her answer. IOW, there was no answer at all.