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| Topic | I'm thinking about cashing out my 401k from my old job |
| Houston 10/17/18 5:37:35 PM #15: | To start, your plan provider will be required to withhold 20% for federal income taxes. So you'll get 80% of your 401k right when you withdraw. During tax time, the IRS will assess a 10% penalty and the rest is taxed at ordinary income --- Time keeps on slippin', slippin', slippin' ... Copied to Clipboard! |
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