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To: ridesthemiles

“OPT OUT of the entire program- Pay the penalties & the taxes & get off the program completely.”

Sounds good, BUT...my employers tells me the only way to get money out of a 401(k) is to retire to quit the job. That doesn’t sound like such a good trade-off to me.


54 posted on 05/06/2010 8:31:33 AM PDT by logos (I have enough ammo to get more.)
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To: logos
That doesn’t sound like such a good trade-off to me.

Maybe not...but it does sound illegal. Check with the financial institution who manages the plan. There must be a service number you could call. For instance, the plan my employer offers is managed by Fidelity.

93 posted on 05/06/2010 6:25:58 PM PDT by Bloody Sam Roberts (The only moral use of violence is in retaliation against those who initiate its use.)
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