http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/ Thu, 17 May 2012 20:56:54 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/comment-page-1/#comment-1325 Doctor Deth Sat, 07 Mar 2009 17:26:54 +0000 http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/#comment-1325 If you worked there a yr, you probably didn;t save very much in the 401k and withdrawing it after you leave - you'll lose a good chunk of it to taxes and penalty - anywhere from 20-35% probably depending on your federal tax bracket If you worked there a yr, you probably didn;t save very much in the 401k and withdrawing it after you leave - you’ll lose a good chunk of it to taxes and penalty - anywhere from 20-35% probably depending on your federal tax bracket

]]> http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/comment-page-1/#comment-1324 Neisy Thu, 05 Mar 2009 04:19:23 +0000 http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/#comment-1324 Not worth it. You can withdraw the money as a loan, but if you dont pay it back you will be taxed heavily on the withdrawl Not worth it. You can withdraw the money as a loan, but if you dont pay it back you will be taxed heavily on the withdrawl

]]> http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/comment-page-1/#comment-1323 Michele Sun, 01 Mar 2009 22:25:46 +0000 http://www.secretfinance.com/blog/quitting-job-to-go-to-school-can-anyone-help-with-401k-withdrawl-for-extra/#comment-1323 I know if draw on your 401K there is a huge penalty. Instead of cashing in your 401K, can you take a loan? If possible, you may be better of financially. I know if draw on your 401K there is a huge penalty. Instead of cashing in your 401K, can you take a loan? If possible, you may be better of financially.

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