• You can withdraw your money from your 401k plan at any time. HOWEVER, if you are not at least 59 1/2, it will be subject to normal income tax PLUS a 10% tax penalty. If you can afford, you might consider *borrowing* from the plan. Your plan loans you money (up to 50% of your balance) and charges you "interest". But, since you are paying that interest back to your 401k account, it's really an interest-free loan. The downside of a 401k loan is that you might not have enough cash flow to contribute to your 401k while you're paying off the loan. . .

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