Retirement
from24/7 Wall St.
4 hours agoI'm 30 and My Lender Wants Me to Cash Out $36,000 in 401(k)s for a Down Payment: But That's Actually a $1.2 Million Mistake
Withdrawing $36,000 from a 401(k) at age 30 for a house can cost about $1.2 million by age 65 due to long-term compounding and taxes/penalties.