401K withdrawls
I was looking into a withdrawl on my 401K . I just became aware that the Covid relief that didn’t charge a fee ended 12/31. Do you think another Covid plan will be put in place soon so I can avoid any of these withdrawl fees?
Terry Says
Please don’t withdraw — even if they do allow it without penalty (which is usually 105 under age 59-1/2). You’ll pay taxes on the money — and lose out on all the future tax-deferred growth! And you’ll really need the money when you’re older! Consider this a lucky thing that you didn’t take the money out now!