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View Full Version : 401K taking it some out early


bmonflex
Jan 21, 2007, 07:14 AM
Does anyone know what the penalties would be to take out 2k early from my 401K. I don't have a lot in it at this time but actually needed 1400 and figured 2k would cover the taxes and penalties.

tsjcny
Jan 21, 2007, 10:11 AM
Does anyone know what the penalties would be to take out 2k early from my 401K. I don't have alot in it at this time but actually needed 1400 and figured 2k would cover the taxes and penalties.
10 % Penalty and taxes