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Note that if you are unemployed and have no other taxable income in the current tax year, the income tax rate on $15K is likely to be low. Hence, the 10% penalty is not a large bite.

But if you were employed part of this year and hence have used the lowest brackets already, waiting until next year can save a lot.

You can roll it all into an IRA and then take distributions whenever you like. But they will take withholding and you will have to pay income taxes and penalties on them.
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