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["Don Bowen" <don.bowen AT earthlink.net>]

> I believe after normal Fed & state taxes the penalty for early withdrawal
> on a 401k is 10%. The 401k company can tell you, call the 800 line and ask
> the rep that answers.

You pay a 10% penalty of early withdrawals plus you have to pay income tax
so total could be 40%.  

One option is to roll it over to an IRA.

Don Bowen  KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html