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

   www.aol.com/finance/what-are-401k-withdrawal...

   As an example, if you are in the 24% tax bracket and you withdraw funds from your 401(k) early, you should expect to owe approximately 34% — 24% tax bracket plus 10% penalty — on the ...

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

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

   For example, if you had a 401(k) loan balance and left your employer in January 2024, you’ll have until April 15, 2025 to repay the loan to avoid default and any tax penalty for the early ...

5. What's the Most I Borrow From My 401(k)? - AOL

   www.aol.com/finance/whats-most-borrow-401-k...

   If you contribute to a 401(k) retirement account, you may be able to take a loan from the plan. The maximum amount you can borrow is limited to the lower of $50,000 or up to 50% of your vested ...

6. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

   www.aol.com/finance/using-401-k-loan-buy...

   The IRS limits 401(k) loans to 50 percent of your vested account balance or $50,000, whichever is less. However, the IRS rules include an exception to the 50 percent limit — you can always ...

7. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

   www.aol.com/finance/5-ways-avoid-taking-early...

   And there are limits to how much you can borrow, per IRS rules. You won’t be able to access more than (1) the greater of $10,000 or 50 percent of your plan balance or (2) $50,000, whichever is ...