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Message
re: Pulling out of your 401k early.
Posted on 4/29/16 at 6:29 pm to Abikaasa_Posti_Teel
Posted on 4/29/16 at 6:29 pm to Abikaasa_Posti_Teel
Within the 401K there should be some very conservative choices like a money market fund or US treasury fund. He should check into his choices before he pulls the money out.
2
Posted on 4/29/16 at 8:18 pm to PlanoPrivateer
quote:
Within the 401K there should be some very conservative choices like a money market fund or US treasury fund. He should check into his choices before he pulls the money out.
I've yet to see or have a 401K where there wasn't a MM option of some sort. But the fact that this young person is willing to cash out and take a penalty hit because he's irrationally scared (an emotional investor), that says to me that he's probably doomed to financial failure anyway.
Posted on 4/30/16 at 3:08 pm to PlanoPrivateer
quote:
Within the 401K there should be some very conservative choices like a money market fund or US treasury fund. He should check into his choices before he pulls the money out.
THis.
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