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Can i take money out of my 401k and buy stocks with it and not get penalized?

April 26, 2017Business buy Finance money penalized stocks

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Can i take money out of my 401k and buy stocks with it and not get penalized?

1 Answer

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No. If you remove the money before you’re of retirement age, you’ll pay a 10% penalty (and of course, the amount you withdraw will be taxable income the year you pull it out).