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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

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#1

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10-13-2009, 04:28 PM

longsidelandry longsidelandry is offline

longsidelandry is offline

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Quote:

Originally Posted by Gerald

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????? Early withdrawals

I believe there is an exemption on anything less than $ 10,000 taken out of an 401K plan. If you take out less than $ 10,000 from a 401K plan.....there is no 10 % penalty.

Is this correct?????

That would be great if that's the case because I have less than 10K in mine and I could really use it but I don't wanna pay all that penalty and taxes at the end of the year.

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#2

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10-13-2009, 04:30 PM

jlincecum

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the less money i give to the government, the better

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