The taxes withheld are of the client’s choosing, usually based on what is advised. There is a 10% penalty (IRS rule) in addition to the taxes withheld. Some 401ks make have a penalty higher than the 10% required by the IRS.
The taxes withheld are of the client’s choosing, usually based on what is advised. There is a 10% penalty (IRS rule) in addition to the taxes withheld. Some 401ks make have a penalty higher than the 10% required by the IRS.