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re: 401K fees & taxes

Posted on 1/25/24 at 12:18 pm to
Posted by slackster
Houston
Member since Mar 2009
87060 posts
Posted on 1/25/24 at 12:18 pm to
quote:

Had a call with the company this am to inquire and it is immediate 20% Fed tax payment. Then at tax time fed taxes and 10% early withdraw fee.


Yeah but the 20% is generic - it has nothing to do with your actual situation or liability.
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