- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
No, you will not get in trouble.
You don't need any reason to withdraw from your 401(k) account.
Also see what @Opus 17 has said about how to handle the hardship withdrawal with your employer if you are still employed.
Your withdrawal will be taxable and subject to the 10% early withdrawal penalty if you're aged under 59 1/2 and you do not have any exceptions listed in this TurboTax Help article.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 9, 2025
9:29 AM