couponhead
Junior Member
What is the name of your state (only U.S. law)? California
Suppose I put money into a 401k this year (2009) and later in the same year find that I need that money and want to take it out. Can I do so by paying taxes on it as if I had never contributed in the first place? Or will I pay a penalty?
Suppose I put money into a 401k this year (2009) and later in the same year find that I need that money and want to take it out. Can I do so by paying taxes on it as if I had never contributed in the first place? Or will I pay a penalty?