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Re: dc_wonder post# 33184

Saturday, 11/12/2005 2:06:12 PM

Saturday, November 12, 2005 2:06:12 PM

Post# of 286607
dont take money from a 401k for your kids college fund.

If under the age 59 and half you would be hit with a penalty in tax dollars of 10 % of monies taken out and also you would include the amount that you withdrawed as income in gross income.

Another words you would get killed for income tax purposes.