Does anyone know of a way to withdraw or borrow from a "pension"? Not a 401K but a pension?
I need funds badly and the pension people tell me I cannot have any of it.
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Does anyone know of a way to withdraw or borrow from a "pension"? Not a 401K but a pension?
I need funds badly and the pension people tell me I cannot have any of it.
First, tell us what you need the funds for and how much. That pension will be gold to you someday.
A pension does is not an account where you can draw money out. Often in some payments being made by current employees are being used toward what other retired employees are receiving. It is not like you have a savings account there.
Pension plan vs. 401(k) - by V. Kumar - Helium
This depends on the terms of the plan. Some pension plans allow you to cash out, others don't. You have to go by what the plan administrators say.
Property taxes- in danger of losing my home
Doesn't matter why. If the plan does not provide provision for cashing out or taking a loan, there is nothing you can do.
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