1 Cool on a wire rack for just a few minutes, then place on cake platter. 2  To make the glaze, mix together in a small saucepan 1 cup sugar, water, 1 teaspoon coconut extract, and walnuts.3  Boil for 1 minute, and pour over still warm cake. Cool on a wire rack for just a few minutes, then place on cake platter. 2  To make the glaze, mix together in a small saucepan 1 cup sugar, water, 1 teaspoon coconut extract, and walnuts.
In addition to federal and state income tax, investors younger than 59Â½ who cash out have to pay a 10% early withdrawal penalty. The potential result: Cashing out $50,000 in 401(k) savings may leave just $35,000 in cash after 20% withholding and a 10% early withdrawal penalty.n addition to federal and state income tax, investors younger than 59Â½ who cash out have to pay a 10% early withdrawal penalty. The potential result: Cashing out $50,000 in 401(k) savings may leave just $35,000 in cash after 20% withholding and a 10% early withdrawal penalty.
But this type of withdrawal is not subject to the early withdrawal penalty. Early 401(k) withdrawals if you retire at 55 or later. Whether you quit, retire, or are fired, you can withdraw penalty-free money from your 401(k) if you are at least 55 when you leave the job.However, you cannot take penalty-free early withdrawals from previous employers if you left that company before you turned 55.ut this type of withdrawal is not subject to the early withdrawal penalty. Early 401(k) withdrawals if you retire at 55 or later. Whether you quit, retire, or are fired, you can withdraw penalty-free money from your 401(k) if you are at least 55 when you leave the job.