There are rules which can be followed to allow pre-mature access to your 401(k) account. A 401(k) was created by congress to allow workers to accumulate funds for retirement on a pre-tax basis. Eventually he taxes will need to be paid on your 401(k) retirement plan. Accessing the funds should be done with planning and with the goal of using them for retirement income. Life being full of uncertainty, the funds in your 401(k) can be assessed for other reasons; with that access can come unwanted or excessive taxation and penalty. Make sure you fully understand your options before taking action.
We haven’t seen anything in the past like what is on the verge of happening with the annuity industry. The time will come when annuities will provide the very basis of most financial plans. Why? The answer is simple, safety, security and freedom from risk.
Endowment Annuitie have been been replaced by modern day annuities.. this article explains the evolution of the annuity.
A recent opinion poll suggests that the approval rate for congress just set a new record low. The new approval rate for congress as seen by the American people is 10%. Their ridiculous stands are forcing our government to grind to a halt, people will not be paid and services suspended. Is that the only downside? I think it is a far deeper problem, the issue of faith in our elected officials and their ability to do what we elected them for is in deep jeopardy. I am dissatisfied as I am sure you are also.