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-   -   Early 401K Withdrawal penalty (https://www.askmehelpdesk.com/showthread.php?t=168888)

  • Jan 4, 2008, 03:01 PM
    GRAYFOX06
    What Is The Penalty For One Who Withdraws 401k Funds Before Age 591/2
  • Jan 4, 2008, 07:36 PM
    ScottGem
    First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

    Early withdrawal includes a 10% penalty plus the amount of the withdrawal is added to your taxable income for the year. Taking an early withdrawal is a very last resort. See if your plan allows for loans against the balance.

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