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If you find yourself suddenly needing quick cash, think about borrowing from your 401k. The interest you pay will be to yourself. If you withdraw the funds, remember that a withdrawal can bring penalties at tax time if you're under 59 1/2. In order to avoid these penalties you need to take the money out in the correct way. more »
A 401(k) account allows individuals to save pre-tax money for their retirement. Learn how to...
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