ANSWERS: 2
  • We did something similar a while back, expect to pay 20% in penalties and 20% to the IRS right off the top.
  • I know that cashing out my pension I could be subject to a 10% fee and taxed 20% from the feds as well as an additional state tax. Call the financial organization directly and find out what the fees are. This is the only true way to know for sure, but I would guess it will be a decent chunk of cash.

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy