Users that often use this tag:
I lost my job, am having trouble finding a new one, am running out of freelance jobs, have $60 in my bank account, and don't know where to go from here. What on earth is my next step? Please help me think. [more inside]
posted by pineappleheart
on Oct 15, 2013 -
Hey everyone, I read some other threads in regards to 401k but it seems like the audience is divided.
My recent company (industry giant who laid off 8000 employees and gave our jobs to folks in India) has laid me off and I need to cash out my 401k. I am wondering who has experience with this as of the past year or two? I live in Mass so Fidelity says I will have to take out 20% out of my total sum for taxes but they didn't say anything about a penalty. My amount is less than $11,000 and I want to use some of it to start my own agency.
Has anyone cashed out their 401k and if so, was there a penalty?
PS. Please spare me the 'noo dont cash out, its a bad idea' -- I'm knee deep in $115k for student loans and my life could not get worse and more complicated so I'm confident cashing this crap out is my only way out to some sanity and inner peace.
posted by bostonhill
on Jun 19, 2013 -
My husband just got laid off from his position today. It's with a large company and he had excellent reviews but their revenue stream has not been up to par. They told him his position has been eliminated. However, he is welcome to reapply if and when blah, blah, blah... My concern is what is the right way to help him. He has never been laid off before and for the most part never thought this could happen. He is very optimistic by nature. He does seem a little shell shocked. My job is not going to be able to support our family. What are the first things we should do? I am also concerned about his mental well being and being a supportive partner while he looks for a new job. To make matters worse (or whatever) we have one in college, one applying to colleges, one getting ready to apply, and one freshman in high school.
posted by lasamana
on Feb 22, 2013 -
One for the ladies - should I get my unemployed girlfriend some nice jewelery, or some nice green cash? [more inside]
posted by smoothvirus
on Dec 1, 2009 -
Am I being fired? I was recently converted from a full-time employee at a $5 billion multi-national company to a contractor working at the same company. Now, my contractor boss has called me in for meetings with the contracting company's HR rep for "issues". Oh yeah, I'm pregnant too. [more inside]
posted by anonymous
on Oct 11, 2009 -
I just got laid off on Friday. I filed for unemployment benefits. The next step is to call the credit card companies and tell them I have no money for them this month and don't know when I can resume payments. Any suggestions how to go about this.
posted by hophead627
on Feb 23, 2009 -
UnemploymentFilter: How do alternate income streams factor into unemployment and how many months do I have left? [more inside]
posted by Elminster24
on Nov 26, 2008 -
Laid Off. First timer. How do I get over my wounded pride and get together some world-class work samples ASAP? [more inside]
posted by anonymous
on May 11, 2008 -
My future mother-in-law was laid off unexpectedly this week. She probably had a week's notice. Is there anything I can do? [more inside]
posted by saucy
on Nov 30, 2005 -