This is actually a key benefit over a traditional 401 (k) or IRA, which
carry penalties for withdrawals before age 59.5, as you can access the funds at any time so long as you have a large enough cash value.
This is actually a key benefit over a traditional 401 (k) or IRA, which
carry penalties for withdrawals before age 59.5, as you can access the funds at any time so long as you have a large enough cash value.
CDs usually
carry penalties for withdrawal before a specified time period, such as six or 12 months.
Not exact matches
For instance, early
withdrawal of money from a CD typically
carries an interest
penalty.
Certificates
carry a
penalty for early
withdrawal.
This account requires a minimum deposit of $ 500.00, requires funds to remain on deposit
for seven days or more, and
carries a
penalty for early
withdrawal.