Profit shares and tax penalties?

Hello all, I recently I was able to get my paperwork for my profit shares through a company I use to work for. It's only about 400$ but I can use that money right now.

My question is I hear there is penalties if you take it out before a certain age? How does that work out? 

2 Answers

Relevance
  • Pearl
    Lv 7
    4 weeks ago

    i would ask the company you used to work for about it

    • Login to reply the answers
  • Anonymous
    4 weeks ago

    That would depend on your plan.  With no specifics, no one is going to be able to answer that.  

    • Login to reply the answers
Still have questions? Get your answers by asking now.