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Cashed out 401k for investment that didn’t work out
Cashed out 401k for investment that didn't work out Need some advice... Early this year, I cashed out about 100k from my 401k to invest into a rental property. After waiting a couple days to get cash in hand, the opportunity was long gone and I still have the money sitting in a savings account and CD averaging about 4-5% interest. Dumb me only paid the 10% penalty and nothing to federal tax. What...
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