Thread: 401K Question...
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Old 08-13-2006, 06:48 PM   #41
luv luv is offline
You think you can get by this?
 
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Join Date: Dec 2004
Location: Springfield, MO
Casino cash: $-1180000
Quote:
Originally Posted by Moooo
I didn't think it was taxable unless you take it out early...

But I'm really clueless and only know what my grandpa tells me about his

Moooo
If you put it in pre-tax, then you will pay taxes on it when you take it out. Uncle Sam always gets his share. Don't think he'll overlook that. Along with taxes, you pay penalties for taking it out if you take it out early.
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