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2. 401 (k) withdrawal rules: What to know before cashing out ...

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   Based on 401(k) withdrawal rules, if you withdraw money from a traditional 401(k) before age 59½, you will face — in addition to the standard taxes — a 10% early withdrawal penalty. Why?

3. Can I use my 401(k) to buy a house? - AOL

   www.aol.com/finance/401-k-buy-house-221331097.html

   You’ll miss out on interest: When you withdraw money from a 401(k) account, you limit the impact of compound interest on your retirement savings. Assuming a 7 percent annual growth rate, if you ...

4. How To Withdraw Money From Your 401(k) - AOL

   www.aol.com/withdraw-money-401-k-180046714.html

   Early withdrawals from a 401(k) will likely present long-term financial downsides. Usually withdrawing from your 401(k) prior to turning 59 1/2 results in a 10% early withdrawal penalty. The ...

5. How to withdraw money from a 401(k) early - AOL

   www.aol.com/finance/withdraw-money-401-k-early...

   401(k) loan. 401(k) loans are generally considered to be a better option than a hardship withdrawal if given the choice, since you’re essentially borrowing from yourself. Not all plans allow 401 ...

6. 401(k) Hardship Withdrawals: What You Need To Know - AOL

   www.aol.com/401-k-hardship-withdrawals-know...

   A 401(k) plan loan allows you to borrow against the balance of your 401(k) plan. If your employer allows plan loans, you can borrow up to $50,000 or 50% of your vested account balance, whichever ...

7. The pros and cons of taking out a 401(k) loan - AOL

   www.aol.com/finance/pros-cons-taking-401-k...

   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 ...

8. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

   www.aol.com/finance/8-ways-penalty-free...

   The same rules apply to a Roth 401(k), but only if the employer’s plan permits. In certain situations, a traditional IRA offers penalty-free withdrawals even when an employer-sponsored plan does ...

9. Should I draw from my retirement accounts to pay for home ...

   www.aol.com/finance/draw-retirement-accounts-pay...

   Any money initially withdrawn from your account for a 401(k) loan is considered tax-exempt as long as they follow the rules prescribed by the IRS, regardless of your age. However, the real danger ...