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re: Old 401k - what to do with it?
Posted on 1/21/13 at 11:19 am to Lsut81
Posted on 1/21/13 at 11:19 am to Lsut81
quote:
Yes, the interest earned is tax free if you don't touch it until 59.5, but if you pull it out beforehand, you are subject to the 10% early withdrawal fee and you pay taxes on the interest earned.
Just to clarify, your contributions can be removed without penalty. I think that's what you meant.
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