Where can I find an online 401k calculator?

1 Answer

Answer :

A simple 401k calculator can be found on this site and is easy to use. Just insert your information and plaaning. http://www.bloomberg.com/personal-finance/calculators/401k/

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Description : Would it be wise to use your 401K to pay off your house?

Last Answer : Depends on the interest rate of your mortgage and if you'll incur a penalty for early withdrawal, but generally speaking, no. With regard to the early withdrawal penalty, the magic number is 59 and ½. Let' ... could earn more than 5% if you invest it. But as I say, YMMV, depending on your situation.

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