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Money and Finances
Reply to "401k and the Dow hitting 20"
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[quote=Anonymous][quote=Anonymous]So was the the tax on it 40 percent plus a 10 percent penalty? If you used it to buy an investment property, I could kind of rationalize this, but I have no idea.[/quote] np. The sad thing is, you can buy an investment property with tax-sheltered IRA funds. There's no need to pay taxes/penalties. [/quote]
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