Ask Experts Questions for FREE Help !
Ask
    tashaldc's Avatar
    tashaldc Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 2, 2007, 08:00 AM
    Early with drawal
    I received 3,000 of my 401k. I would like to know the amount of the taxes, and penalty I would have to pay on 3,000 dollars.
    KCDave's Avatar
    KCDave Posts: 61, Reputation: 5
    Junior Member
    		  
    #2

    Nov 2, 2007, 06:51 PM
    Income taxes + 10% early withdrawl penalty. Probably about 35%. You would do better to roll it into a roth IRA
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Is it too early to tell? [ 6 Answers ]

My boyfriend & I had sex about a week ago and we were worried that I might have gotten pregnant. But then I started my period 2 days after we had sex. I haven't noticed any pregnancy symptoms yet (besides the ones before my period had started... which I am now convinced it was just PMS from an...

Too early to tell? [ 4 Answers ]

:confused: so this is my 3rd post. I really think I may be pregnant (please read my other post so you can see the symptoms I'm having). So I told my boyfriend that I might be and he made me buy a pregnancy test it was first response on the early 1am morning of the 14 I'm not due for a period until...

Is it too early? [ 2 Answers ]

I know you get these questions a lot... I had been having unprotected sex with a guy I had been seeing from Feb. 16 until March 15. My last AF was Feb. 20. I always start on the 20th~like clockwork~and I have for the last couple years. Well, on March 20 I only bled for a couple hours~and it...

Too early to tell... [ 6 Answers ]

I am trying for baby at moment. First day of last P was 18th Nov. I know it seems strange and probably far too early to tell but I can't help wondering that I may be pregnant. I have had a dull cramp (like period pains) 28/29 November, this has gone but have a feeling my P is about to start. I have...

Too early? [ 9 Answers ]

I'm 17 and my boyfriend is 16 and we have been dating for about 3 months, andi know we love each other very much, but is it too early (early as in our relationship early, not our ages) to be talking about having a life together, you know like living together after high school and marriage and such?

View more questions Search