Newsroom

CNN: Paul Brahim Quoted in “The Money You Forfeit When You Cash Out of Your 401(k) Can Be Staggering”

Paul J. Brahim

- CFP®, CEPA®

2 minutes

Paul Brahim, CFP®, AIFA®, Managing Director, Senior Vice President, and Financial Advisor at Wealth Enhancement was quoted by CNN in “The Money You Forfeit When You Cash Out of Your 401(k) Can Be Staggering.”

“Cashing out of the 401(k) before 59-½ is one of the most expensive things a person can do, both from a tax perspective and an investment perspective. It creates permanent impairment of capital that can substantially affect their retirement income security in the future.”

Access the full article authored by Jeanne Sahadi here.

Paul J. Brahim

Managing Director, Financial Advisor | Strategic Referral Programs

Pittsburgh, PA

Paul has truly lived the American Dream—beginning his career in financial services with no formal training and rising through the ranks to prestigious positions like CEO of BPU Investments. As an advisor at Wealth Enhancement, Paul uses his financial planning, investment management, and business skills to work with CEOs on retirement and succession plans and provides guidance on financial wellness. Paul is also a Certified Financial Planner (CFP®) and Certified Exit Planner (CEPA®).