I'm 29 and left my job - should I withdraw my 401(k) or roll it into an IRA?
Briefly

from 24/7 Wall St.2 months ago
When you quit your job, it's generally advisable to roll your 401(k) into an IRA rather than withdrawing the funds. This option avoids significant penalties.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/28/im-29-and-left-my-job-should-i-withdraw-my-401k-or-roll-it-into-an-ira/
Taking out 401(k) funds early could be a costly mistake. The 10% penalty, combined with ordinary income tax liabilities, can negatively impact your retirement savings.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/28/im-29-and-left-my-job-should-i-withdraw-my-401k-or-roll-it-into-an-ira/
Read at 24/7 Wall St.
#401k #ira #retirement-planning #withdrawal-penalties #investment-options
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