5 Situations When Cashing Out 401K Is Worth The Penalty Risk

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5 Situations When Cashing Out 401K Is Worth The Penalty Risk

1. Paying Off Past Due Mortgage Payments to Avoid Foreclosure – If you fall behind on your mortgage payments, you could end up facing foreclosure. Cashing out 401k accounts to bring your payments current or even pay off your mortgage completely may be a good idea.

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