What will happen if I decide to withdraw money out of my 401K account before I reach retirement age?

What will happen if I decide to withdraw money out of my 401K account before I reach retirement age?
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1 Answer

Answer :

You will get nailed with at least a 10% penalty and have to claim it as taxable income besides, unless you can do it on a 401k loan wich you repay to yourself at a set interest rate. (a much better idea)
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