Thread regarding Corinthian Colleges Inc. layoffs

Is my 401 k still good for me to withdraw from?

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| 391 views | | 4 replies (last July 29, 2014) | Reply
Post ID: @OP+wOxbSjs

4 replies (most recent on top)

sure- just give half to the government... (10% penalty + your tax rate) 35%- 40% whatever. Get a job. Don't steal your own money.

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Post ID: @1LkT+wOxbSjs

59 1/2 is only to avoid the penalty; the tax must still be paid.

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Post ID: @GBm+wOxbSjs

Ask your accountant. What the heck people do you think are on here? Free law services?

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Post ID: @w3A+wOxbSjs

Yes, but unless you're 59 1/2 it's not a smart move.

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Post ID: @BRp+wOxbSjs

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