[Edit: There are caveats, which are mentioned below.]
Also, please correct me if I am wrong, but I believe you can withdraw from a retirement account at any time as long as you are ok paying a 10% penalty on the withdrawal amount. If your employer is giving a ~>10% match, this means you’ll make money even if you withdraw from the account right away.
This is pretty right for pretax individual accounts (401ks may not let you do early withdrawal until you leave), for Roth accounts that have accumulated earnings early withdrawal means paying ordinary taxes on the earnings, so you missed out on LTCG rates in addition to the 10% penalty.
[Edit: There are caveats, which are mentioned below.]
Also, please correct me if I am wrong, but I believe you can withdraw from a retirement account at any time as long as you are ok paying a 10% penalty on the withdrawal amount. If your employer is giving a ~>10% match, this means you’ll make money even if you withdraw from the account right away.
This is pretty right for pretax individual accounts (401ks may not let you do early withdrawal until you leave), for Roth accounts that have accumulated earnings early withdrawal means paying ordinary taxes on the earnings, so you missed out on LTCG rates in addition to the 10% penalty.
Often, but not always: your plan might not allow in-service withdrawals, so taking the money out right away might require leaving your company.