BlockchainMastermind
Tue Oct 01 2024
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5 answers
1365
Can I close my 401k and take all the money?
Excuse me, I'm considering a financial decision and I was wondering if you could clarify something for me. I've been thinking about closing my 401k and withdrawing all the funds. Now, I understand that this is a significant step and there are likely to be consequences, but I'm not entirely clear on what those might be. Could you explain the potential implications of closing my 401k and withdrawing the full amount? Would I be subject to penalties or taxes? And is there a better alternative I should be considering? Thank you for your time and expertise.
