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View Full Version : Early withdraw 401k

cheryld053
Oct 20, 2009, 04:42 PM
I am 56. If I leave my job and use my 401k to pay off a bankruptcy what kind of penelties am I going to have to pay.
ScottGem
Oct 20, 2009, 05:09 PM
You won't have to pay penalties, but you will pay taxes.
ebaines
Oct 21, 2009, 10:13 AM
If your bankrupt, why would you leave your job?