Everything You’ve Ever Wanted To Know About 401(k) Plans

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Digging Into Savings

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You’ll want to avoid touching the funds until you reach retirement

When it comes to your 401(k), “You have to kind of lock your money up until retirement, which is defined as 59-and-a-half years old,” Royal advised. “You have to lock your money up in this account and you can’t take it out or you’ll be charged some bonus penalties and taxes.”

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