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:

Encoding Information

The process by which sensory input is transformed into a format or code that can be stored and utilized by the memory system.

Concentrating

Focusing one's attention or mental effort on a particular object, task, or activity.

Specific Aspect

Refers to a particular detail or characteristic within a broader topic.

Elaboration

The process of adding more detail or information to something, often making it more complex or comprehensive.