The Truth About Money With Beacon Wealth Management
Written by Your 5News Team
Last updated on June 19, 2013 @ 11:29AM
Created on June 13, 2013 @ 11:27AM
I am in a financial bind and I currently have money in my 401K. I understand that if I take money out of my 401K it is going to cost me a 10% penalty. I wanted to know if I use the in-service rollover option and roll my money over to an IRA and then take the money out, would it still cost me the 10% penalty?