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It may be better in some cases to hold onto the cash rather than locking it up in a retirement account in order to build up a cash buffer and avoid the penalty
by brianpgordon 8y ago
It may be better in some cases to hold onto the cash rather than locking it up in a retirement account in order to build up a cash buffer and avoid the penalty for an early withdrawal in case of emergency expenses.
- bradlys 8y agoSure, but I'm not assuming such weird scenarios. You're supposed to have your emergency fund completely built up before you save for retirement.