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Author: Fuskie Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide Space Camp 1 Red
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Subject: Re: 401k withdrawal question Date: 12/4/2012 11:09 AM
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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.

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