<prompt> Human: Hi guys,My 401k account with my previous employer approx. 1000 was rolled over into an IRA. I wish to do an early withdraw, but Im asked how much of fed tax should be withheld. It seems like the default is 10, but Im not sure what I should choose. I rather not pay any tax as a result of this early withdrawal if possible as well.Should I choose the 10? Is that typically the standard?Thank you!  <response>: If the money is in a traditionalrollover IRA and you withdraw it, you will pay 10 as a penalty as well as taxes equivalent to your highest tax bracket. If you normally pay 25 as your highest tax bracket, you will pay 10 25. There is no way to avoid this if you withdraw it now. 