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There may be some very difficult and specific ones, that if you were in the circumstances for you would likely be addressing.

Otherwise...do that thing that every financial advisor says you shouldn't...withdraw you tax preferred retirement savings...and you pay a penalty...and you receive it all as income too.

By the way...you understand if your financial situation is desperate...that the 401k is exempt from seizure during a bankruptcy... withdraw it now and lose the protection too!

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Q: If one is 45 years old and one withdraws ones 401k balance in a lump-sum are there exceptions to the 10 percent penalty being assessed andor to the withholding of taxes?
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