I live in Georgia and might need to take an early withdrawal on my retirement account. Am I correct when I figure that it will be 32% since I will pay a mandatory 20% federal income tax withholding plus 10% early withdrawal fee plus 2% Georgia state tax withholding? Can this be right?!
Thanks,
Georgia on my mind

Have you considered merely taking a loan out againt it ?

Yes, 32% is about right, but may be somewhat low. The actual tax can approach 50%.

The loan option that Fr Chuck recommends seems to make more sense to me!