If You Withdraw Money from Your 401(k)accounts Before You Turn

question 170

True/False

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

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Definitions:

Markup

The difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.

Cost-Plus Approach

A pricing strategy where a fixed percentage is added to the production cost to determine the sale price of a product.

Bottleneck

A stage in a process that reduces the overall capacity because it runs at the slowest speed.

Contribution Margin

The excess of sales over variable costs.