financeRetirement
#RI-6a6b029c·7 months ago·
2
“Cashing out 401K pre-retirement”
What Actually Happened
I'm cashing out 401K despite penalties and taxes
What I wish I knew
"Penalties and taxes are steep"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider long-term consequences before cashing out"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
finance Category
370
finance decisions logged. Avg regret 4.5/10 across the category.
Same Outcome Band
25%
of finance decisions land in the severe band the same as this one.
React, question, or discuss this decision.