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    nikibug's Avatar
    nikibug Posts: 1, Reputation: 1
    New Member
     
    #1

    May 2, 2008, 11:57 AM
    Drawing from a 401k
    I have fallen on some hard times finacially and am wondering how to go about drawing from my retirement account. Please help! Thank you.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    May 2, 2008, 12:46 PM
    Until you are 59 1/2 you can't draw on your 401K without significant penalty, if at all.

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