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Asked 4/7/2009
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Is there any way to close my 401k without penaltys to buy a home? I am a divorced 55 year old woman. I had 0ver $20000 a year ago then it went down to 11000 and now it is at $14000. I do not work for the company anymore that holds my 401k and I no longer contribute to it.
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Ok, is it possible for me to take all my money out my 401k? i understand i will have to pay a penalty. i need the money, and have no other ways to get it. i have $33,000 in my 401k. after taxes and penaltys, does anyone have a close number, on what i will get (educated guess) a round about number?
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