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From a financial perspective it would be better to take a penalty-free withdrawal from the 401( k) because it won't cost you as much, but it can be hard psychologically to take from yourself in the future and pay yourself back. It might be better to borrow the money because you have a regular bill to pay and the cost is immediate. And your retirement remains funded.
Found on CNN 4 years ago
Even without a company match, 401( k) contributions are one of the best remaining tax deductions, it is sacred money because there are no longer pensions for most people. If you just have that and Social Security, don't touch Social Security and let Social Security accumulate.
Found on CNN 4 years ago
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