Archive for February 2009
What will it cost me in taxes to cash out my 401 k?
raisa asked:
I have a 401 k with a previous employer. I have an option f rolling it over to IRA or cashing it out. I am thinking of cashing it out since I am in between jobs and a bit broke. What i the penalty for cashing it out. The total is less than $1000 dollars
I have a 401 k with a previous employer. I have an option f rolling it over to IRA or cashing it out. I am thinking of cashing it out since I am in between jobs and a bit broke. What i the penalty for cashing it out. The total is less than $1000 dollars