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To: Bloody Sam Roberts

I talked to our finance guy.

Our 401(k) is structured such that it is virtually impossible to take anything out while in service.

I’d have to quit or be fired in order to access it. Even hardships don’t count unless you can document you’ve tried other options and been turned down for other sources of financing.

So I’m basically stuck.


40 posted on 11/21/2012 11:25:58 AM PST by chrisser (Starve the Monkeys!)
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To: chrisser

“How long do you have to wait to re-hire me if you fire me?”


46 posted on 11/21/2012 11:33:54 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: chrisser

I know for fact that hardship withdrawals are possible in mine. Not sure about complete withdrawal. I would rather use the contributions that go to my 401k to pay down other debt. I’m hoping it won’t be overly complicated.


48 posted on 11/21/2012 11:36:15 AM PST by Bloody Sam Roberts ('Need' now means wanting someone else's money. 'Greed' means wanting to keep your own...)
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