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-   -   401K taking it some out early (https://www.askmehelpdesk.com/showthread.php?t=56251)

  • Jan 21, 2007, 07:14 AM
    bmonflex
    401K taking it some out early
    Does anyone know what the penalties would be to take out 2k early from my 401K. I don't have a lot in it at this time but actually needed 1400 and figured 2k would cover the taxes and penalties.
  • Jan 21, 2007, 10:11 AM
    tsjcny
    Quote:
    Originally Posted by bmonflex
    Does anyone know what the penalties would be to take out 2k early from my 401K. I don't have alot in it at this time but actually needed 1400 and figured 2k would cover the taxes and penalties.
    10 % Penalty and taxes

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