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2016-02-13 15:59:39 Post No. 1092246
Post No. 1092246
I'm 22 and have about $12k in a 401k with my job going to school part time.
I might get canned here soon though, but if and when I planned on finishing school. Is it a good idea to cash out? Everywhere I read cashing out a 401k is like rape to some people so I'm unsure if i'm missing something.
I know that you get a 10% penalty and charged income tax which I'm personally fine with. I figure that finishing school would give me more benefit both short and long term. plz gibs advice.