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View Full Version : 401K Penalty


joepadian
Jan 16, 2008, 07:09 PM
If I withdraw money from my 401K and replace the money within a short period am I still penalized?

PolluxCastor
Jan 16, 2008, 07:17 PM
Yes, if you are under 59.5.

Your company may have a program to allow you to "borrow" money from your 401k. I'm guessing since you are asking your's probably doesn't. Your best source of information will probably be your HR department.