Not being a financial adviser, I do know that the IRS will want 10% as a penalty and whatever tax bracket the amount takes you to, the taxes on that. I did it after I left a job and wow it stung, but on the other hand my employer was matching 1 to 1, so it wasn't all my money that was put in, if you will.
Penalties
Does anyone know what are the penalties to pulling money out of a 401K or 403B retirement account? Mine is with Fidelity.
Thanks,
John
Thanks,
John
1 - 1 of 3 Posts
1 - 1 of 3 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Prepared Society Forum
A forum community dedicated to preppers, survivalists and enthusiasts. Come join the discussion about collections, gear, DIY projects, hobbies, reviews, accessories, classifieds, and more!
Full Forum Listing
Recommended Communities
