But there's a 10 % federal penalty tax on withdrawals of earnings. (investor.vanguard.com)
It's also impossible to ignore the bank's recent string of federal penalties and consumer complaints related to its conduct as a mortgage lender. (valuepenguin.com)
If the money isn't used for educational purposes then the earnings, not the contributions, will be subject to income tax plus a 10 percent federal penalty. (rismedia.com)