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by iheartpotatoes
2598 days ago
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I have $2MM in my 401k I can't touch until I'm 59-1/2. I'm in my 40's and I'm worried of being broke when I'm 60. Insane? Probably. It's like no matter how much you have there's always fear. I keep thinking, "Yeah, it's all in funds and could just go poof if the DOW corrects back down to 7,000 because it took 20 years to get to where it is now..." Does the anxiety never end? |
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Yes you can. If you're actually going to go broke when you're 60, I'd HIGHLY recommend touching at least a bit of that cash at the cost of federal income tax.
Edit: Am not financial advisor