Once you reach 59.5, don't be tempted by the ability to take money out penalty-free while you're still working, or to "cash out" when you retire. Instead leave the funds in your old 401(k) if it's a good plan with decent investment choices and fees, or alternatively roll it into an Individual Retirement Account, which like a 401(k) continues to grow tax-deferred. You'll be thankful when you're older.
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