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2. The pros and cons of taking out a 401(k) loan - AOL

   www.aol.com/finance/pros-cons-taking-401-k...

   For example, if you had a 401(k) loan balance and left your employer in January 2024, you’ll have until April 15, 2025 to repay the loan to avoid default and any tax penalty for the early ...

3. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

4. What To Do If You Borrowed Money From Your 401(k) in 2020 - AOL

   www.aol.com/finance/borrowed-money-401-k-2020...

   IRS regulations require repayment of 401(k) loan balances by tax filing day the year after you leave your job. So, if you're laid off in October 2020, for example, you'll have to pay back your ...

5. 401(k) - Wikipedia

   en.wikipedia.org/wiki/401(k)

   401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

6. Self-directed IRA - Wikipedia

   en.wikipedia.org/wiki/Self-directed_IRA

   A self-directed individual retirement account is an individual retirement account (IRA) which allows alternative investments for retirement savings. Some examples of these alternative investments are real estate, private mortgages, private company stock, oil and gas limited partnerships, precious metals, digital assets, horses and livestock, and intellectual property.

7. How to withdraw money from a 401(k) early - AOL

   www.aol.com/finance/withdraw-money-401-k-early...

   For example, consider this scenario developed by 401(k) plan sponsor Fidelity: Taking a loan: A 401(k) participant with a $38,000 account balance who borrows $15,000 will have $23,000 left in ...

8. 401(k) Hardship Withdrawals: What You Need To Know - AOL

   www.aol.com/finance/401-k-hardship-withdrawals...

   A 401 (k) hardship withdrawal is the process of accessing funds in your workplace 401 (k) account before retirement age (currently age 59 ½). While there are typically penalties for withdrawing ...

9. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

   www.aol.com/finance/5-ways-avoid-taking-early...

   Five ways to avoid tapping your retirement accounts. 1. Get an emergency fund (starting today) The best way to avoid having to take an early withdrawal is to prevent the situation from happening ...