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Do I have to pay taxes and an early withdraw fee on a 401a SURS retirement plan?

 
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MinhT1
Expert Alumni

Do I have to pay taxes and an early withdraw fee on a 401a SURS retirement plan?

Withdrawals from a SURS 401(a) account are taxable.

 

If you are younger than age 59 1/2 at the time of withdrawal, you have to pay a 10% early withdrawal penalty unless you are in one of the exception cases listed in this TurboTax Help article.

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