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Started By
Message
Taking money out of retirement
Posted on 11/12/13 at 12:04 pm
Posted on 11/12/13 at 12:04 pm
I have searched, but I haven't really found the answer I am looking for. My question to the MB is: If I take money out of my retirement account, will I get penalized? If so, how does that work?
Thanks
Thanks
4
Posted on 11/12/13 at 12:11 pm to Tete Verte
Depends on what you mean when you say "retirement account," depends (maybe) on why you're taking it out, depends on a lot of things. Without more details no one can answer this.
Posted on 11/12/13 at 12:12 pm to Tete Verte
blue
Posted on 11/12/13 at 12:47 pm to Tete Verte
Need more details. Also, hard to believe you couldn't find the answer on google.
Posted on 11/12/13 at 6:52 pm to Tete Verte
To be honest find another way to catch up. Part time job, sell things you don't need anymore, ect.
I wouldn't touch your 401k unless you're in danger of being put out on the street. The penalties are too heavy.
I wouldn't touch your 401k unless you're in danger of being put out on the street. The penalties are too heavy.
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