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Financial Planning / Foolish 401(k)s


Subject:  Re: how will the IRS know? Date:  5/29/2021  9:44 AM
Author:  CTNutmegger Number:  26346 of 26351

No it isn't true. There are penalties and consequences, both from the IRS and excess costs on any earnings when he needs to take it out.

Sounds to me he needs some advice from his friend. Perhaps something along the lines of "Those who try to walk in between the raindrops always get wet."
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