In CA with the Federal income tax at 35%, State at 11%, and 10% penalty means that 100K in withdrawl, for an already working couple, ends up being...45K. I belive serfs would rise up against their lords when the King took 1 out of every 2 livestock. This is worse.
That’s true. My point is that no matter when you withdraw, early or not, you pay all those income taxes on it. The only ADDED expense to early withdrawal of 401K is the 10% penalty.