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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


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