Author Topic: Tapping your 401k also helps Uncle Sam pay his bills!  (Read 1278 times)

whitedragon

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Tapping your 401k also helps Uncle Sam pay his bills!
« on: November 20, 2014, 07:37:11 AM »
+1000 for awesome headline as well.

http://www.bloomberg.com/infographics/2014-05-05/americans-raid-their-401k-piggy-banks.html

Basically this article talks about people that withdraw before 59.5 for whatever reason and neglect to worry about the penalty.  None of us would ever get caught in that boat, but the article has some pretty interesting numbers.

Cromacster

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Re: Tapping your 401k also helps Uncle Sam pay his bills!
« Reply #1 on: November 20, 2014, 07:53:43 AM »
Well, plenty of people here plan on withdrawing money from their 401(k) before they are 59.5, but doing it in a way where you pay fee's is ludicrous.  It's crazy that so many people just shrug off their 401(k)'s when they switch/change/lose their job.