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Based on 401(k) withdrawal rules, if you withdraw money from a traditional 401(k) before age 59½, you will face — in addition to the standard taxes — a 10% early withdrawal penalty. Why?
A 401 (k) plan is a personal retirement account that allows employees to contribute pre-tax or after-tax income to their retirement savings. Learn about the history, taxation, types, and rules of 401 (k) plans in the United States.
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ADP is an American company that provides payroll, tax, benefits and human resource management solutions to clients worldwide. Founded in 1949, it has grown through acquisitions and spinoffs, and is listed on the Nasdaq and S&P 500 indexes.
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Broadridge is a public company that provides financial technology and corporate services to public companies and their shareholders. It was spun off from ADP in 2007 and has acquired several other firms in the industry since then.
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