[Yosemitest]

One other thing.
The CPA told me that it'd be better to wait until AFTER I turned 59 and 1/2.
Then I could draw it ALL out and NOT be subject to a penalty tax of 10% or more ( unless the law CHANGES between now and the time I reach 59.5 years old).

It's like trusting "the Democrats not to steal".

My dad's friend, a retired Navy man of 26 years, worked for GM building starters for 21 years after coming out of the Navy.
He didn't make much, but if it wasn't for his Navy enlisted retirement check and benefits, he and his family would be out in the cold.
His GM retirement was his GM 401K, all in GM secured bonds.
Obama and the Democrats stoled over $120,000 from his family, and the GM Union, didn't do a damned thing for him.

[jdsteel]

Sorry about your friend, but HE CHOSE the investments inside his 401(k). He takes some of the blame, but yes...he and many others got royally screwed when Obama essentially broke the law by bailing out Unions rather than bondholders.