Borrowing or money that is withdrawing your 401(k) plan

Borrowing or money that is withdrawing your 401(k) plan

You might be tempted to borrow or withdraw money from it if you have a 401(k) plan at work and need some cash. But remember that the goal of a 401(k) is to truly save for retirement. Simply simply simply Take cash from it now, and you will risk operating away from cash during your your retirement. You may even face rigid taxation effects and penalties for withdrawing money before age 59?. Read more