Acres of Diamonds In life it often happens that the answers to our most pressing questions are right in our own backyards. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Paying Tax Later Doesn't Always Mean Paying Less 401(k) savings are taxed as ordinary income when funds are withdrawn. Caring for Aging Parents As our nation ages, many Americans are turning their attention to caring for aging parents. Infographic: 2019 Taxes by the Numbers Here are the official tax numbers for 2019.