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Are You Leaving Your Employer?
Cash Out

Long-Term Opportunity | Short-term tax drain |  Alternatives for Cash 

"Something a little less taxing…"

I'd suggest you consider your tax-deferred accounts your last source for emergency funds…not your first. So what might top your list of sources for emergency cash? Here are two sources outside your retirement plan.



Non-Retirement Savings. If you really need cash, a better option -- than cashing out your employer-sponsored account -- may be your taxable savings account…like a bank account or a taxable investment. Since you've already paid income tax on this money, you may not lose any more, like you would hitting up your 401(k).

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