Q&A
Asked by Chelsey

Answered by Michael Keeler
CFP®, CLTC in Las Vegas, NV
When you take a distribution from your 401(k) before age 59 1/2, you pay an additional 10% penalty in addition to the income tax on that amount. This could end up to ...
401(k) Investing & Retiring
Q&A
Asked by franklin

Answered by Stephen Bowden
Accredited Investment Fiduciary AIF ® in Lakewood, WA
It depends upon the sponsor of the 401(k), and the may be limited by a maximum percentage of its worth. Best advice would be to talk with them to see what options you ...
401(k) Investing & Retiring Retirement Taxes
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