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Yeah....first time we really oopsed on it and I didn't know there was a penalty for that. Though...color me surprised.

Unfortunately I'll have to go back to maxxing the 401K's and probably not saving as much. Its the only way out without giving them my money.

I'm certainly not gonna have them take more out, and give it to them, I'm gonna put more into my 401K and give it to me to lower my taxable income.

We make to much to have additional IRA's to add to and use to writeoff. Can't do that.

I guess it doesnt really matter though...by the time I start dipping into my 401...the base tax rate will probably have been raised and I should have just paid it. Plus its in money jail for 5 years.

Honestly with the shit they talk about doing stuff with 401K......I do think it might be better to just pay the taxes now...keep the cash and diversify it into other things.

<blockquote data-quote="Mark from ?" data-source="post: 8896947" data-attributes="member: 10310">Yeah....first time we really oopsed on it and I didn&#039;t know there was a penalty for that.&nbsp; Though...color me surprised.Unfortunately I&#039;ll have to go back to maxxing the 401K&#039;s and probably not saving as much.&nbsp; Its the only way out without giving them my money.&nbsp;I&#039;m certainly not gonna have them take more out, and give it to them,&nbsp; I&#039;m gonna put more into my 401K and give it to me to lower my taxable income.&nbsp; We make to much to have additional IRA&#039;s to add to and use to writeoff.&nbsp; Can&#039;t do that. I guess it doesnt really matter though...by the time I start dipping into my 401...the base tax rate will probably have been raised and I should have just paid it.&nbsp;&nbsp; Plus its in money jail for 5 years.Honestly with the shit they talk about doing stuff with 401K......I do think it might be better to just pay the taxes now...keep the cash and diversify it into other things.</blockquote>

[QUOTE="Mark from ?, post: 8896947, member: 10310"] Yeah....first time we really oopsed on it and I didn't know there was a penalty for that. Though...color me surprised. Unfortunately I'll have to go back to maxxing the 401K's and probably not saving as much. Its the only way out without giving them my money. I'm certainly not gonna have them take more out, and give it to them, I'm gonna put more into my 401K and give it to me to lower my taxable income. We make to much to have additional IRA's to add to and use to writeoff. Can't do that. I guess it doesnt really matter though...by the time I start dipping into my 401...the base tax rate will probably have been raised and I should have just paid it. Plus its in money jail for 5 years. Honestly with the shit they talk about doing stuff with 401K......I do think it might be better to just pay the taxes now...keep the cash and diversify it into other things. [/QUOTE]

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