malligator
Returning Member

Retirement tax questions

Want has nothing to do with it. 🙂

 

Now that I'm employed again I'd like to just resume making the payments and go on with my life. However, that is not possible.

 

What I'd like to not do is have every possible negative consequence of the distribution levied on me due to a Covid-related lay off. Not only is my 401(k) missing the $9600, but I also have to pay income tax on it plus a 10% penalty all at a time that I'm still recovering financially from said lay off.