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Tradetalker

11/12/05 2:00 PM

#33186 RE: dc_wonder #33184

DC - Thanks very much. Schooled by a student no less.

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investwize999

11/12/05 2:06 PM

#33188 RE: dc_wonder #33184

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.