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Brown Cafe Community Center
Introductions and Welcomes
Can you take money out of your 401K for any reason? Or does it have to be a "hardship loan?"
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<blockquote data-quote="CoffeeStainedUniform" data-source="post: 3636326" data-attributes="member: 73423"><p>What exactly describes "filthy rich"? $1, $5, $5million? More than you have?</p><p>Retirement isn't an account you drain at 65, it's an account you draw a small portion of. </p><p>If you have $1,000,000 and plan to take $50k a year off of it. You could wait out the worst year in stock history.</p></blockquote><p></p>
[QUOTE="CoffeeStainedUniform, post: 3636326, member: 73423"] What exactly describes "filthy rich"? $1, $5, $5million? More than you have? Retirement isn't an account you drain at 65, it's an account you draw a small portion of. If you have $1,000,000 and plan to take $50k a year off of it. You could wait out the worst year in stock history. [/QUOTE]
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Brown Cafe Community Center
Introductions and Welcomes
Can you take money out of your 401K for any reason? Or does it have to be a "hardship loan?"
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