Tax Penalty for Cashing Out a 401(k)doi:urn:uuid:88e9a38aa6311410VgnVCM100000d7c1a8c0RCRDYou'd have to pay income taxes, plus a possible penalty, and your retirement would be at risk.Judy O'ConnorFox Business
CDs represent an agreement between you and a bank or credit union. If you keep a lump sum of money on deposit for a set period of time—usually 3 months to 5 years—they'll guarantee your interest rate until the CD term ends. Fail to keep up your end of the ...
Wendy Harris Staff writer