I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

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I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

No, that's not one of the exceptions to the 10% early withdrawal penalty. Sorry.

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I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

the penalty is 10%. Just think of it as your final interest payment on that student loan. Be happy.

I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

No, that's not one of the exceptions to the 10% early withdrawal penalty. Sorry.

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I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

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I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

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I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

I am being heavily penalized for taking money out early of my 401k. I used money to pay off exorbitant student loans. Is there any way to claim that to avoid tax penalty?

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