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How much do you lose when cashing out 401K early

MissMe

Registered Member
Exactly how much money do you lose if you cash out your 401K early? I know you have to pay a penalty and taxes on the money but I don't know how much that is. I was thinking of cashing out my 401K early to start my own business but I am hesitant to do it with all of the penalties involved.
 
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