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Community: Investing Wiki

Term Of The Hour

401k and unemployment: Original post by Owen Pearson of Demand Media A 401k plan can help you build savings for retirement, particularly if your employer provides matching contributions. However, if you quit, lose your job or get fired, you may wonder if you can cash out your 401k balance to meet your monthly expenses until you find another job. Federal law provides the option of cashing out your 401k balance if you…

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