Paul Brahim, CFP®, AIFA®, Managing Director, Senior Vice President, and Financial Advisor at Wealth Enhancement was quoted by CNN in “The Money You Forfeit When You Cash Out of Your 401(k) Can Be Staggering.”
“Cashing out of the 401(k) before 59-½ is one of the most expensive things a person can do, both from a tax perspective and an investment perspective. It creates permanent impairment of capital that can substantially affect their retirement income security in the future.”
Access the full article authored by Jeanne Sahadi here.
