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Retirement tax questions
You have not said how old you will be when you take out the money. Will you be older than 59 1/2 when you take money out of the 401k? If not, expect a 10% early withdrawal penalty in addition to ordinary income tax in your tax bracket.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎December 16, 2019
7:08 PM