Interpreted Prediction
Withdrawing from a 401k early incurs a 10% penalty and income tax, effectively acting like a 20% debt. A $20,000 401k would be reduced to approximately $14,000 after these fees.
AI Evaluation Notes
The prediction states that withdrawing $20,000 from a 401k early would result in approximately $14,000 after a 10% penalty and income tax. The statement accurately reflects the expected outcome, assuming an approximate 20% loss due to penalties and taxes.
Prediction Details
Topic