Why You Should Avoid Cashing Out Your 401(K)

by Grant Mcnutt
Many of my clients come to me six months after cashing out their 401(k). At the time, it seemed to be a good idea to solve a short-term cash crunch. Unfortunately, cashing in a 401(k) can cause problems in the future. It is often easy to cash in your 401(k) as long as you can prove you are having a hardship, such as temporary cash-flow problems created by the loss of a job or a ...Read the full article