***Precious Metals Investors Club***

[White Cobra]

401K Withdrawal Much More Than 10%

Make sure you do full research on withdrawing your 401K.

You will get hit with a 10% early withdrawal penalty as you have already stated. Then tag on around another 25 to 30% loss in taxes.

Overall, the loss is around 30 to 40 percent of the amount in your 401k. Now, if I recall you are in the great state of Texas. If so, you will not have the huge hit of state income tax like we have in NC.

Personally, I live just around 35 to 45 miles from the Tennessee line. If I had extra money at this point, I would change my official residence to TN. I would then move my IRA to a TN bank and wait the needed amount of time before withdrawing it from them. For me, it would equate into thousands more dollars in my pocket.

If the Lord would grant me the land in TN. If would have to be Him seeing how I am still unemployed. This being said, I did have a good interview this week with a company I think I could like.

Peace Out,

White Cobra