3 ms·
The penalty is unreasonable - that's my primary objection.
by Aloha 8y ago
The penalty is unreasonable - that's my primary objection.
- randomacct3847 8y ago10% is unreasonable? Are you saying there should be no penalty? I’m arguing it’s low. Every Californian (or anyone living in a state with high income tax) pays a 10% penalty just to live in that state. Put another way, withdrawing from a 401k in a state with no income tax would probably amount to the same amount of tax any Californian pays on their normal income.