The Penalties for Withdrawing From Your 401K

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The Penalties for Withdrawing From Your 401K

People have the tendency of cashing out their 401k savings prematurely. It is noted that one out of three 401k participants cash out their 401k. This mostly happens when people are changing jobs according to a report by Fidelity. What people do not know are the risks involved in cashing 401k prematurely. See more in this article!

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