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3 Reasons You Shouldn't Withdraw Early From Your 401(k)


A 401(k) account is designed to help people save and invest money for retirement. In exchange for letting you contribute pre-tax money to your account, the IRS expects you to leave the money in the account until close to your retirement years. Unfortunately, some people may find themselves in a situation where they need access to money they may not have in a checking or savings account.

Although it may be an option, here are three reasons why you shouldn't withdraw early from your 401(k).

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Source Fool.com


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