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To: Carley

You can’t take money from your 401k until you separate from the company sponsoring the 401k.

In other words you have to quit, get laid off, or be fired.


79 posted on 03/23/2010 5:01:06 PM PDT by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: Balding_Eagle

Not true. You can take a loan to yourself from it.


83 posted on 03/23/2010 5:03:43 PM PDT by RegulatorCountry
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To: Balding_Eagle
In other words you have to quit, get laid off, or be fired...... or confiscated by the government.

Think about 2 years ago would anyone think that our company health care plans would be endangered?

84 posted on 03/23/2010 5:04:49 PM PDT by catfish1957 (Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
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To: Balding_Eagle
You can’t take money from your 401k until you separate from the company sponsoring the 401k. In other words you have to quit, get laid off, or be fired.

I think the law was changed last year so you could. You will still be subject to the tax and 10% penalty if you are not at the qualifying age.

95 posted on 03/23/2010 5:23:01 PM PDT by raybbr
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To: Balding_Eagle

NOT TRUE


166 posted on 03/24/2010 11:38:49 AM PDT by mojitojoe (I don't care what you passed. you are irrelevant. I'll NEVER comply in any way. Read my lips, NEVER!)
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