Before Cashing Out Your 401(k), Think Carefully About Long-Term Consequences, and Explore Other Options for Cash
Consider this familiar scenario. You’re in your late 40s and you’ve just decided to change jobs after working ten years with a previous employer. You take a look at your 401(k) statement and realize that you’ve accumulated a decent sum – say, $15,000. Now you have a choice. Do you leave that account alone? Do … Read more