Thread: Where is the tax liability? Borrow 401K to fund Roth IRA.
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Old 08-06-2005, 07:39 PM
Sniper Sniper is offline
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Default Re: Where is the tax liability? Borrow 401K to fund Roth IRA.
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But can we withdraw money from our 401 and if so what problems will we incur?

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For early withdrawal from your 401K, you will incur a 10% penalty and full tax liability.
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