Don’t wait, cash them out if you’re worried. Take the hit now, better to have 80% than 0%.
I’ll be 25 next month ... just starting out ....
This is my conundrum. I have a bit over $100k and am out of work. I really don't see any hope of finding a job that paid anywhere near what I was making in CT.
My wife has a real good job. We have two young children.
My thinking is this: If I leave it in and wait till I am 65 (fifteen years) the taxes on withdrawal will equal the penalty now, IMO.
I was lucky. I put the money in the money market before the crash and actually made about 3% last year but lost nothing the year before.
I just hate the idea of giving up about 45% of my cash in one fell swoop.
Wait, wait...Your money’s not here...It’s in Joe’s house, and the Kennedy house, and Mrs. Maitland’s house...I beg you not to do this thing. Don’t you see what’s happening?...Potter isn’t selling...Potter’s buying.