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-   Retirement (https://www.askmehelpdesk.com/forumdisplay.php?f=281)
-   -   Penalty for early withdrawal of 401K (https://www.askmehelpdesk.com/showthread.php?t=127302)

  • Sep 8, 2007, 02:45 PM
    nanajohn
    Penalty for early withdrawal of 401K
    I was laid off my current job after 7 years. I am 51 years old. How much will I be penalized for withdrawing my 401K?:confused:
  • Sep 8, 2007, 03:30 PM
    ScottGem
    10%, plus you will have to pay taxes on the distribution. Don't do it!

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