401(k)

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Asked by Chelsey
Answered by Richard Eddy, Financial Adviser in La Verne, CA
The correct answer to this question is as unique as you are, but here are some general guidelines. It makes good sense to fund your 401(k) plan up up to the company ma...
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Asked by trish
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
Invest in Real Estate. If you invest in real estate now, then by the time he turns 62 you can do a reverse mortgage and either live off the equity, or at least not ha...
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Guide  

Q&A
Asked by Chelsey
Answered by Michael Keeler, CFP®, CLTC in Las Vegas, NV
When you take a distribution from your 401(k) before age 59 1/2, you pay an additional 10% penalty in addition to the income tax on that amount. This could end up to ...
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Asked by an anonymous user
Answered by Bradford Creger, MoneyTips ContributorPRO+ in Pasadena, CA
You could take the traditionally recommended approach that is repeated religiously by the financial media, CPAs and most financial advisers, or you could explore your ...
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Asked by franklin
It depends upon the sponsor of the 401(k), and the may be limited by a maximum percentage of its worth. Best advice would be to talk with them to see what options you ...
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Asked by an anonymous user
Answered by Michael Shafer, Financial Adviser in Long Beach, CA
Great Question. I'm assuming, which I hate to do, that you have substantial economic income, but through exclusions, deductions or credits that you pay little regular ...
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