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Money and Finances
Reply to "I need to cash out my 401k"
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[quote=Anonymous]Yep 401k is a tax deferred system. You pay taxes when you take it out, maybe at a lower rate b/c your income maybe be lower after you retire. Just remember the kid is not in daycare forever, so that will reduce and go way over time. It may be easier for you just to take a loan like from a bank and pay off the credit cards?[/quote]
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