Tuesday, January 31, 2023
HomeBankCashing Out Your 401(ok) Professionals and Cons

Cashing Out Your 401(ok) Professionals and Cons

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1 Info from IRS’s Subject No. 558 Extra Tax on Early Distributions From Retirement Plans Different Than IRAs as of January 5, 2023: https://www.irs.gov/taxtopics/tc558

2 Info from IRS’s Retirement Subjects – Exceptions to Tax on Early Distributions as of January 5, 2023: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions

3 Info from IRS’s Retirement Plans FAQs relating to Hardship Distributions as of January 5, 2023: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-hardship-distributions

4 Info from IRS’s Considerably Equal Periodic Funds as of January 5, 2023: https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments

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