Every 401(k) plan is supposed to serve a specific purpose. It’s a retirement account that can give you a source of income when you leave the workforce. As a result, a 401(k) isn’t technically designed with early withdrawals in mind. However, that doesn’t mean you can’t pull some of the money. If you are wondering whether that’s a smart move, here are the pros and cons of an early 401(k) withdrawal.
[Read more…] about What Are The Pros and Cons of a Early 401(k) Withdrawal?