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:
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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:
10%, plus you will have to pay taxes on the distribution. Don't do it!
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