Submitted by OverCastle28 t3_10q9r1m in personalfinance
OverCastle28 OP t1_j6p0c1w wrote
Reply to comment by manwnomelanin in What is my IRA account number? by OverCastle28
I want to cash out my 401K since I need money for bills/groceries atm, but now I don’t know if I should cause of the penalties they take out
manwnomelanin t1_j6p0twv wrote
Yes, you will lose a proportionally significant amount in taxes and penalties
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