Investigate your options before you withdraw 401K
Posted by admin
If you are running short on money then perhaps you have considered cashing out some of your 401K entitlements. This is not a good idea if you have other alternatives. Before you rush into this you should examine all your options. There is a 401K hardship withdrawal provision that allows you to do so but you will incur a penalty. That’s why you should know exactly what that penalty is and calculate the lifetime value that you will lose if you elect for this option.
