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Financial Planning / Foolish 401(k)s


Subject:  Re: 401k withdrawal question Date:  12/4/2012  8:05 AM
Author:  jmrut Number:  24953 of 26344

Thanks. She actually wants to withdraw everything so of the 13k left in the account she would automatically lose the 6k she borrowed and then have to pay taxes and penalty for 19k (6k loan + 13k balance) out of the remaining 7k. Is that correct? Basically there is nothing left is what I'm trying to tell her!
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