Should I Cash Out My 401k?

Evaluate the implications of withdrawing from retirement savings

1. How urgent is your financial need?

LowHigh

2. Have you explored other funding options?

3. Do you understand the tax penalties?

4. What percentage would you withdraw?

LowHigh

5. How will this affect retirement plans?

6. Is a 401k loan an option instead?

7. How many years until retirement?

LowHigh

8. What's your repayment strategy?

9. Have you consulted a financial advisor?

10. How will this impact your long-term goals?