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Should I pull everything out of my 401k?
11-19-2012, 02:28 AM
Post: #9
Saru-kun Offline
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No don't even think about touching it. You will loose close to half of it in taxes if you are under 59 1/2. You can't count on Social Security when you are older you need a nest egg to live on later. You should be adding more money to it now while stocks are low. You are able to buy more shares with a low market. This is the best time to add not take away. You bought many of those shares when the market was high you would be selling them low and then paying taxes and penalties. Remember buy low sell high it is not just idle chant it is sound investment advice.
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Messages In This Thread
[] - maxmom56 - 11-19-2012, 02:28 AM
[] - Rick B - 11-19-2012, 02:28 AM
[] - Anne C - 11-19-2012, 02:28 AM
[] - starbux_girl - 11-19-2012, 02:28 AM
[] - kingarthur305 - 11-19-2012, 02:28 AM
[] - jonathan_insall - 11-19-2012, 02:28 AM
[] - Maggie Jeans - 11-19-2012, 02:28 AM
[] - Saru-kun - 11-19-2012 02:28 AM
[] - helloeveryone - 11-19-2012, 02:28 AM

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