@talespinner wrote:
I only meant that there's no way of getting around paying the penalty for early distribution. It proves that it pays to leave that money alone until retirement (or at least 59 and 1/2).
If you only withdrew your own contributions then there is no early distribution penalty. The penalty only applies to earnings that are distributed before 59 1/2. As I said above you can remove your own contributions at any time tax and penalty free.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
