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Financial Planning / Foolish 401(k)s


Subject:  Re: 401k withdrawal question Date:  12/4/2012  11:09 AM
Author:  Fuskie Number:  24954 of 25844

If she is starting with $19k, you can generally factor in 40% in taxes and penalty, leaving $11,400. She would basically be throwing away over $7000, more than the balance of her loan, in order to pay off the loan.

Who missed earlier that she was not yet of age to take a penalty free distribution...
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