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...cash in a 401K ?
I'm considering cashing in a 401K.
The fact is I want to re-invest it in real estate but I guess that's not a valid investment. Besides the fact that it bugs me I can't just put it where I want without penalty, I could use some info regarding what's involved in cashing in.
I hear there's about 20% penalty on the amount. Is that about right? When does it come due?
As you can see I really have a simple question. What do I need to know about cashing in this thing?
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