Cashing Out Your 401(k) Pros and Cons


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1 Information from IRS’s Topic No. 558 Additional Tax on Early Distributions From Retirement Plans Other Than IRAs as of January 5, 2023: https://www.irs.gov/taxtopics/tc558

2 Information from IRS’s Retirement Topics – Exceptions to Tax on Early Distributions as of January 5, 2023: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions

3 Information from IRS’s Retirement Plans FAQs regarding Hardship Distributions as of January 5, 2023: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-hardship-distributions

4 Information from IRS’s Substantially Equal Periodic Payments as of January 5, 2023: https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments

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