{"_id":"69600d6fa419776ac230ed3e","title":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Is it permissible to participate in a 401(k) plan if the account earns interest?\"}]}]}}","question":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"My company offers a 401(k) with matching contributions through a self-directed brokerage account. Both my contribution and the company’s matching contribution are deposited into this account, which automatically earns a small amount of interest (0.05%) shortly after funds are added.\"}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null}},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"My intention was to contribute in order to receive the company match, then later withdraw only my contributions and the company’s matching contributions, while leaving the interest behind so that I do not benefit from it. However, I am concerned that this still involves entering into a contract that earns interest.\"}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null}},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Is participating in such a plan permissible?\"}]}]}}","answer":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"It’s not permissible.\"}]}]}}","tags":[{"_id":"668da01b0b76658b4c232e51","tag":"Contemporary Life: Interest","count":35},{"_id":"68a50aaa2cc850e0af10384a","tag":"Finance: Interest","count":29},{"_id":"68a517faa4b97312c1c85000","tag":"Finance: Income & Employment","count":28},{"_id":"68a505f82cc850e0af1037be","tag":"Finance: Investments & Trading","count":21}],"createdOn":"2026-01-08T20:02:55.056Z"}