I heard that if you retire before 67, you won't get 100 % of what YOU put into your 401k.. True?

I have been looking online for more info...can't find any.

links are helpful

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Thevy29 · 41-45, M

401k? sounds American. Here you can get a pension thru Centerlink. If you have no money left of your own. My Dad retired 5 years ago. Spent all the money he had saved like it was going out of style and then went in to Centerlink to get his pension. Only to be told he wasn't old enough to qualify.

iamnikki · 31-35, F

@Thevy29 so then how does he live? what's certerlink?

Thevy29 · 41-45, M

@iamnikki He went back to work. Centerlink is the dole office here for the unemployed. For the infirm. Elderly pensions. Health care. Medicare.