If You Withdraw Money from Your 401(k) Account Before You

question 265

True/False

If you withdraw money from your 401(k) account before you turn 59.5 years old, you will likely have to pay a 10% early withdrawal penalty.

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Definitions:

Alienation

A state of feeling estranged or disconnected from others or oneself, often resulting in feelings of isolation and loneliness.

Existential Therapy

A form of psychotherapy that emphasizes personal responsibility and the freedom to shape one's life, focusing on the individual's experience in the present moment.

Placebo Effect

A psychological and physiological response where individuals experience a perceived improvement in their condition solely because they believe they are receiving treatment.

Authenticity

The quality of being genuine or true to one's own personality, spirit, or character, often considered vital for mental health and personal growth.