Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
401k early withdrawal penalty?
[ 2 Answers ]
Hi I'm new here and I have a question. My wife was laid off in October of this year from her job of 14yrs and yesterday she made arrangements to withdrawl in one lump sum her entire 401k. The amount was only $10,450. I know I will have to pay back 20% tax to federal and a 10% penalty tax. I'm sure...
Waiving of 10% early withdrawal penalty.
[ 1 Answers ]
I am cashing out my 401K. Because I am 56 y/o I am exempt from the 10% early withdrawl penalty but is there a form I need to fill out or request when doing taxes at end of year to ensure this? Thanks. Tom
Early 401k withdrawal Penalty
[ 8 Answers ]
Hi there! I can't seem to find a good answer on this topic, so I'm asking the experts!! Last year, I made a 401k withdrawl for higher education expenses. The withdrawl amount was 14k. I took the option of paying taxes on the amount, so I received 12k. 1) The 1099 form received states the...
Penalty on early 401k withdrawal
[ 4 Answers ]
If I withdrew my 401k, early , What is the penalty amount in %?
Early withdrawal penalty
[ 1 Answers ]
I took a 401K withdrawl to pay for daughters college. I paid it back while employed. I changed jobs and I was issued a 1099-R as income from the unpaid balance of the original withdrawl. Question is: Can the 10% penalty be waived for early withdrawl from 401K or is relief only applicable with... View more questions Search
|