Question
Is using 401(k) money in an emergency the best idea?
Yes, the money is not needed for a long time.
Yes, the money was deducted pre-tax so there is more of it.
No, early withdrawal of 401(k) money will incur a penalty.
No, since you will lose all your money earned.
Yes, the money is not needed for a long time.
Yes, the money was deducted pre-tax so there is more of it.
No, early withdrawal of 401(k) money will incur a penalty.
No, since you will lose all your money earned.
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