ilmscore | 401k Withdrawal Predictions
401

401k Withdrawal

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Recent Predictions

Total: 2
Correct: 2
Incorrect: 0
Pending: 0
Unrated: 0
Prediction
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Video
The speaker withdrew funds from their 401k because they were not contributing and not receiving an employer match, implying the funds were not actively growing or beneficial.
"Because I wasn't contributing it to it and I didn't get employer match. So, that money was just kind..."
Caleb Hammer Caleb Hammer
Sep 10, 2025
Correct
This Has Never Happe...
Withdrawing from a 401k early incurs a 10% penalty and income tax, effectively acting like a 20% debt. A $20,000 401k would be reduced to approximately $14,000 after these fees.
"So, you wouldn't recommend me doing that? Cuz it's like taking out a 20% debt cuz you're going to lo..."
Caleb Hammer Caleb Hammer
Jul 18, 2025
Correct
"High-Value Woman" I...