ANSWERS: 1
  • Sounds like you are worried about stock market losses wiping out gains your account may have made over the past decade. At this point, you should be shifted heavier into bonds than stocks. Instead of withdrawing the funds and paying a penalty, consider adjusting your 401(k) holdings to emphasize bond funds. Talk to a financial planner about your goals and needs for the next 20 or so years. Consider the possibility you'll need long-term nursing home care or other catastrophic medical needs.

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