401K Withdrawl

[tjspyder96]

My question is how bad will cashing out my 401K hurt me at tax time? Currently average 72k a year in annual income, and file single (0). I have around 99K in my 401 before federal and state taxes.

[xmasbaby0]

If you are younger than 59 1/2, you will pay a 10% early withdrawal penalty, plus ordinary income tax on the withdrawal.  Why would you want to cash out your 401k all at once?  If you are leaving the employer, for instance, you should roll it over into an IRA.  You have sixty days after cashing out the 401k to roll it over.