Cashing out a 401k without Penalty these days?
November 11, 2008 2:55 PM Subscribe
Cashing out my 401K without penalties?
posted by ZackTM to work & money (13 answers total)
So I'm 26 and I have a good amount of debt built up from a recent job change. I really would like to cash out my old 401K from my previous employer and I heard rumors that they were going to remove the penalties for doing so soon in order to help people pay down their debt thanks to the credit crisis. Is this just a rumor, or is this going to be a reality? When can I expect to see some action on this?
Can anyone point me towards information about this stuff?