Let's start over......
You will still have to pay taxes on the amount you received at the rate of whaterver bracket you're in. If you don't have to have it, you are better off rolling it all over.
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Jim
Jim

Edit....I see Jim replied
Last edited by 88racing; Sep 22, 2011 at 05:59 PM.
I've done this before. I know they will take out 20% then another 10% on taxes. I had them to take out federal and state taxes as well. I need some extra money to buy my tools that I need for my new job. When me and the wife bought our new house 2 years ago, I took some out because we needed to. I fell into the catagory to be able to. Didn't owe a dime at the end of year because I had everything taken out.
Trust me. My wife is a banker and knows what to do. The money I got is no money out of my pocket. It's all free money that my old company matched what I was putting in. That's why I did what I did.





