I left my last job and I am looking at taking some money out of my Roth 401k for personal reasons.
I assume there with be a 10% penalty, correct?
Will I owe taxes?
If not why are they asking to withhold 20% for federal? I am also located in Virginia if there is something with the state I have to worry about. I am trying to make sure I have my ducks in a row come tax time. So any and all information is useful.
