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Community: Investing Wiki

Term Of The Hour

irs 401k penalty: Original post by Lisa Bigelow of Demand Media Early-withdrawal penalties may apply to investors under 59 1/2. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/114/113/76800061.jpg?w=700&h=700&keep_ratio=1 Creatas/Creatas/Getty Images When you cash out a 401(k), the amount that you take out is a distribution that's added to your annual income by the Internal…

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