What's the penalty on a 401(k) hardship withdrawal?

+1 vote
asked Dec 27, 2017 in Other-Finance by facebone (320 points)
What's the penalty on a 401(k) hardship withdrawal?

1 Answer

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answered Jan 8, 2018 by Judy (56,120 points)
If you're 59 years old or younger the penalty fee for an early 401 K withdrawal is 10 percent.

Only do an early withdrawal from your 401 K if absolutely necessary otherwise leave the 401 K alone.

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