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People love 401(k) plans because they're simple, contributions are automatic and, in many cases, they offer free money in the form of matching employer funds. Unlike Roth IRAs and annuities ...
When you're struggling with debt, withdrawing money from your retirement account can seem like the perfect solution. But Dave Ramsey, author, radio show host, and personal finance expert, cautions...
Early withdrawals are less attractive than loans. One alternative to a 401(k) loan is a hardship distribution as part of an early withdrawal, but that comes with all kinds of taxes and penalties ...
An example of what this could look like is withdrawing an original amount of $3,000 and then paying a 10% fee for early withdrawal and the same amount for taxes.
The days when employees would work for a company for the bulk of their life and then receive a nice pension at retirement are, for the most part, long gone. Not only are employees much more nimble...
You need money — and fast. The only problem is, you don’t have it. Well, technically speaking, you do have the funds, but it’s your retirement savings.You know this isn’t ideal, but you ...
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