Thanks everyone in advance.

I need some additional funds to pay down some debt $11/k. Not mortgage related. I have about $75/k in my current 401/k account. I am trying to figure out if I can take funds out of my 401k and if so what would be the pentalty for doing so. I live in MN

Thanks

Toni

Yes there are penalties. To get out $11K you would probably have to withdraw around $15K, between the 10% penalty and tax liability. That would be a lot more than you are paying in interest. See if you can take a loan out against the plan. At least them you will be paying yourself the interest.