13 нояб. 2024 г. · As a 19 Year old who just maxed out their first Roth IRA (7K limit) now what should I invest into or do? 105 upvotes · 114 comments ...

16 окт. 2024 г. · Expect Voya to withhold 20% for fed tax, possibly 5%-ish more for state if applicable. Then when you file, you'll owe a 10% penalty for early ...

13 нояб. 2024 г. · Nobody's responded to this post yet. Add your thoughts and get the conversation going.

15 окт. 2024 г. · I am not definite if a Roth IRA account if worth it for me since I need money, but also saw the potential fees on a withdrawal and tax penalties.

1 окт. 2023 г. · I did a hardship withdrawal from my 401k for 25k earlier this year. My 401k allows hardships for negative monthly cash flow.

3 нояб. 2024 г. · If you quit your job, then you can withdraw for any reason at all, but will of course still pay income tax + 10% penalty.

Removing funds from your 401(k) before you retire because of an immediate and heavy financial need is called a hardship withdrawal.

29 июн. 2024 г. · Voya does not decide what is allowed. Your employer does, so you need to read your employer specific 401k plan document to see what is allowed.

15 июл. 2024 г. · Hey does anyone know how long Voya's admin takes to approve a withdrawal request?

24 нояб. 2023 г. · You will get hit with the 20% penalty right off the bat. Also, companies like Voya and insurance companies make it difficult to pull your money ...