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Get your taxes done using TurboTax
First of all, you are not subject to a penalty unless you withdraw funds from the 401(K). You may retain the account unless your employer plan has a requirement that you withdraw your funds should you leave the country.
Exceptions to the penalty for an early withdrawal from my 401(K) may be found here.
The new exceptions added in 2024 may permit you a little flexibility to withdraw funds for a 'financial emergency'.
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March 5, 2025
12:28 PM