Is using 401(k) money in an emergency the best idea? (1 point)
Responses
Yes, the money is not needed for a long time.
Yes, the money is not needed for a long time.
Yes, the money was deducted pre-tax so there is more of it.
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, early withdrawal of 401(k) money will incur a penalty.
No, since you will lose all your money earned.
No, since you will lose all your money earned.
1 answer
No, early withdrawal of 401(k) money will incur a penalty.
1 answer