{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/92a9cb89348540aa9bc100c3a5ed6c57\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/92a9cb89348540aa9bc100c3a5ed6c57-0c2bcc06eb046844.gif","duration":334.592,"title":"Avoid Costly Retirement Mistakes Through Education","description":"This Loom explains why retirees and near retirees should avoid knee jerk decisions about retirement account withdrawals. Ben Coles shares a personal story where he cashed out a 401k at age 23 and received about $4,500 instead of roughly $9,000 after taking a lump sum distribution before 59 and a half, due to taxes and penalties including an employer clawback. He emphasizes that ignorance can cause penalties, fees, and long lasting consequences, even when someone would not have chosen to give away half their account value intentionally. The site aims to educate people so they can understand their best options with confidence and avoid stepping on these missteps."}