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syen25dean
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Simplified 401K Early Withdrawal Rules

If you are under age 59 1/2, you will also incur a 10% penalty on the withdrawal. So, adding the federal tax, the state income tax and the penalty, an early 401(k) withdrawal of $10,000 gets reduced to only $5000 than can actually be utilized.

http://www.retirement-income.net/blog/iradistributions/
decreased-stock-value-leads-to-lesser-distribution-taxe
s-on-ira/
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Tags: IRA | Distributions
first added by syen25dean, last updated 11 months 28 days ago