Comments on: I have a pension fund and need access to it? http://www.1retirementplan.com/i-have-a-pension-fund-and-need-access-to-it/ Tue, 27 Sep 2011 05:39:45 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: David M http://www.1retirementplan.com/i-have-a-pension-fund-and-need-access-to-it/comment-page-1/#comment-354 David M Sun, 06 Jun 2010 17:08:13 +0000 http://www.1retirementplan.com/i-have-a-pension-fund-and-need-access-to-it/#comment-354 Robbing your retirement to pay for today's shortcomings? Not a good idea! If the pension plan you speak of is a 401K 1) You will pay taxes on your money. 2) You will pay a penalty for early withdrawal (unless you're 59 1/2) 3) You will be cashing in stocks or stock mutual funds at a bottom. Just a really bad idea. You sure you want to do this? Robbing your retirement to pay for today’s shortcomings? Not a good idea!

If the pension plan you speak of is a 401K
1) You will pay taxes on your money.
2) You will pay a penalty for early withdrawal (unless you’re 59 1/2)
3) You will be cashing in stocks or stock mutual funds at a bottom.

Just a really bad idea. You sure you want to do this?

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