Fools,I'm posting this independently of the prior message. I'm considering taking a hardship distribution from my 401K to pay delinquent student loans. Does anyone have any input concerning the tax implications of this move? I know that next year I'll be able to deduct the interest and I'm aware that I'll be taxed on the distribution as regular income. Also, does anyone know if I can be exempted from the 10% penalty?Regards,Reflect
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<