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Level 2
November 16, 2022
Question

401k early withdrawal

  • November 16, 2022
  • 1 reply
  • 5 views

How badly would I be penalized on my taxes if I were to early withdrawal $15k from my 401k to help with paying off credit card debt? Is this a good move? I am only 45, Divorced, Head of household, Homeowner, with one dependent in household still & one at college. 

    1 reply

    T8rtotAuthor
    Level 2
    November 16, 2022

    I forgot to mention I reside in Texas.