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

    Jan 21, 2007, 07:14 AM
    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.
    tsjcny's Avatar
    tsjcny Posts: 2, Reputation: 1
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    #2

    Jan 21, 2007, 10:11 AM
    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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