If you withdraw money from your 401(k) account before you turn 59.5 years old, you will likely have to pay a 10% early withdrawal penalty.

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According to the IRS, if you withdraw money from your 401(k) account before you turn 59.5 years old, you will generally have to pay a 10% early withdrawal penalty in addition to any income tax due on the withdrawal amount. However, there are some exceptions to this penalty, such as if you are withdrawing the money due to a qualifying hardship, if you are disabled or if you are using the funds for certain medical or educational expenses.

If You Withdraw Money from Your 401(k) Account Before You