Cashing Out My 401k After Layoff – How Much Should I Set Aside for Taxes and Penalties?

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Cashing Out My 401k After Layoff – How Much Should I Set Aside for Taxes and Penalties?

247wallst.com/personal-finance/2025/06/14/cashing-out-my-401k-after-layoff-how-much-should-i-set-aside-for-taxes-and-penalties

Key Points

A Reddit user is thinking of taking money out of his 401(k) after a layoff.

Other posters suggested he avoid the early withdrawal by making sure he and his wife are signed up for the benefits they are eligible for.

If the poster does take out money, he…

This story appeared on 247wallst.com, 2025-06-14 18:00:03.