I’m 60 and want to withdraw $250,000 from my 401(k) to pay off the mortgage and bills. Is that a smart thing to do?
Posted: Thu Feb 15, 2024 3:06 pm
When you withdraw from your 401(k), not only are you paying taxes on that distribution, but you’re also curtailing potential investment returns
Source: https://www.marketwatch.com/story/im-60 ... topstories
Source: https://www.marketwatch.com/story/im-60 ... topstories