Overthinkingopal
Overthinkingopal OP t1_jecty8r wrote
Reply to comment by Missus_Aitch_99 in Why would I pay more than 20% when withdrawing from a 457? Am I gonna be screwed for early withdraw? by Overthinkingopal
Okay so like how when you fill out a w2 if you do 0 withholdings you are likely to get more of a tax return than someone in the same pay and job as you that has everything withheld and likely will owe?
Overthinkingopal OP t1_jectt6a wrote
Reply to comment by nkyguy1988 in Why would I pay more than 20% when withdrawing from a 457? Am I gonna be screwed for early withdraw? by Overthinkingopal
From what I’ve read online and what the people at MERS told me there is no 10% penalty for this type of account. Just the 20% tax and 2.4% state.
Overthinkingopal OP t1_jecu673 wrote
Reply to comment by Rave-Unicorn-Votive in Why would I pay more than 20% when withdrawing from a 457? Am I gonna be screwed for early withdraw? by Overthinkingopal
Thank you this is super helpful.