Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: QuietWon who wrote (1552)	12/5/1998 3:14:00 PM
From: Colin Cody	Read Replies (1) of 5810

There is no "best" based on the limited (and extremely complicated) information you have posted. That's for you to discuss with your tax, finance and estate planners. If you are under 59.5 years old there is a Federal 10% early withdrawal penalty for cashing out the 401K. This is on top of the State and Federal income taxes due. Colin

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