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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="BrownRecycler" data-source="post: 3636385" data-attributes="member: 73454"><p>If you are saying, doing nothing is worse than not putting away retirement. It is a matter of how much people can put away. If people are broke, they cannot save for retirement simple as that. They will break the piggy bank as soon as they lose their job then they are back to square one. So, much for retirement fund.</p><p></p><p>Am stating that compound interest isn't always your friend nor are the banks or financial industries. They want to make money too but not in "our" way.</p></blockquote><p></p>
[QUOTE="BrownRecycler, post: 3636385, member: 73454"] If you are saying, doing nothing is worse than not putting away retirement. It is a matter of how much people can put away. If people are broke, they cannot save for retirement simple as that. They will break the piggy bank as soon as they lose their job then they are back to square one. So, much for retirement fund. Am stating that compound interest isn't always your friend nor are the banks or financial industries. They want to make money too but not in "our" way. [/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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