Discussion:Cost of cashing out 401K

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Discussion Forum Index --> Consumer Questions --> Cost of cashing out 401K

AverageJoe (talk|edits) said:

15 March 2008
I was forced to cash out part of my 401K because of some work related issues. (I did not qualify for unemployment.) Anyway, I cashed out the minimum which was $12K. I had to pay about $2K in taxes. My question is, If I would have kept that money in until retirement, how much interest would I have made, or could I have made????? I am now 35 years old.

Thanks in advance for any help!!!!

Lori  :)

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