online dating made easy the things you dont know ebook - Liquidating your 401k
Contact your human resources or personnel department to see if they allow hardship withdrawals and what you must do to qualify.
Learn about a safe and flexible 401K alternative that gives you flexibility, control and guaranteed growth of your retirement savings.
Cashing out a 401(k) can set your life's financial planning back.
One of the keys to building a successful retirement is to start as early as possible, since the longer money sits, the longer it has to grow.
The third is that you usually have to pay a 10 percent penalty as well.
This means that you don't get a lot out of what you take out of your account.
The Internal Revenue Service will let you cash out your 401(k) without imposing a penalty if you use the money for certain approved purposes.