• Alteon@lemmy.world
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    2 months ago

    I just had a talk with my wife about this as well. Do we pull it, knowing that it’ll get hit with the 10% fee. But then put it back in after the market is absolutely crash? Like…I’m assuming it’s going to get a lot worse …

    • Limonene@lemmy.world
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      2 months ago

      You can transfer it to an pre-tax IRA with no penalty. I found an IRA at a credit union that is NCUA insured (similar to FDIC) which means it can’t lose money. The interest rate is low, though.

    • BradleyUffner@lemmy.world
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      2 months ago

      But then put it back in after the market is absolutely crash?

      That’s not how a 401k works. You can’t just freely put money in to it.