And they will cash that in as soon as possible because “an emergency”.
“And they will cash that in as soon as possible because “an emergency”.”
Yup. I was planning to retire. Bought a place down in Texas, got my fishing gear refreshed and was going to contract for a couple of years until my wife’s business took off.
I was let go in October 2008. My 401k was over 500k. It went down to under 200k. In early 2009, my cash on hand dwindled and I could no longer afford COBRA. Two days after my COBRA expired and I was waiting on a new policy, my daughter gets sick. In a facility for a year, wipes out the remainder of my 401k.
Over time I built it back up, but it isn’t a tenth what it was. Instead of retiring at 55, I won’t be able to retire for another 15 years. I am hoping between that, my Disability VA benefit and Social Security, with my wife’s income, we could winter in Texas, summer in Jersey. I prefer Costa Rica, but the wife is against it.
“And they will cash that in as soon as possible because “an emergency”.”
$5 grand is about half the obamacare deductible, isn’t it?