fbpx

Can I take money out of my 401(k) without paying penalty?

Question The company I work for just terminated their 401(k) plan and suggested employees roll their funds over to an IRA. My question is can I cash out say 20% (to pay off debt) of my balance without paying the penalty and roll the remainder over to the IRA account? I have over a couple … Read moreCan I take money out of my 401(k) without paying penalty?

21 Money Mistakes and Problems to Avoid

mistake

Throughout the financial improvement series, I’ve shown you how to save tons of money with big wins, how to automate your finances, and overall better your financial situation. But I know some of you won’t try some or any of the tips I’ve shared. Maybe it’s skepticism. Maybe you think you know better. Maybe you’re … Read more21 Money Mistakes and Problems to Avoid

Can you draw unemployment and social security at the same time?

Question Can you draw unemployment and social security at the same time? Thank you, Larry Higdon Answer According to SSA.gov: Unemployment insurance benefits are not counted under the Social Security annual earnings test and therefore do not affect your receipt of Social Security benefits. However, the unemployment benefit amount of an individual may be reduced … Read moreCan you draw unemployment and social security at the same time?