How to Lose $5M in 5 Days (and How to Avoid It)
Money Guy Show
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The Cost of Early Withdrawals and Investment Choices
This chapter explores the financial consequences of withdrawing from 401(k) or IRA accounts before age 59 and a half, using two hypothetical individuals to illustrate the stark penalties and tax implications. It also compares their investment decisions and spending habits, emphasizing how small choices can lead to significant long-term financial disparities.
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