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    joepadian's Avatar
    joepadian Posts: 1, Reputation: 1
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    #1

    Jan 16, 2008, 07:09 PM
    401K Penalty
    If I withdraw money from my 401K and replace the money within a short period am I still penalized?
    PolluxCastor's Avatar
    PolluxCastor Posts: 117, Reputation: 5
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    #2

    Jan 16, 2008, 07:17 PM
    Yes, if you are under 59.5.

    Your company may have a program to allow you to "borrow" money from your 401k. I'm guessing since you are asking your's probably doesn't. Your best source of information will probably be your HR department.
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