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Question

Asked 12/9/2008

Under president elect Obama, are we going to be able to make a withdrawl with out being penalized?

Are they still penalizing people for any early withdrawl from their 401K plan?

 
 
 
 
 
Answers

Answer 1/2 - Submitted 12/10/2008

Yes they are. Obama has nothing to do with it.

 
 

Answer 2/2 - Submitted 12/10/2008

There is discussion in Congress about allowing a penalty free withdrawl from 401k funds but that hans't been agreed upon yet.

 
 
 
 
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