Comments on: Planning to Tap That 401K to Get You Through? Think Twice http://www.topfinanceblog.com/planning-to-tap-that-401k-to-get-you-through-think-twice/ Financial News, Information, and Commentary Thu, 09 Feb 2012 12:45:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mitch http://www.topfinanceblog.com/planning-to-tap-that-401k-to-get-you-through-think-twice/comment-page-1/#comment-418 Mitch Tue, 12 May 2009 19:14:55 +0000 http://www.topfinanceblog.com/?p=234#comment-418 Very nicely written, Justin, and thanks. I have to say, though, that I am tapping into my 401K, mainly because it's so low now that I can't be hurt. That, plus to move it to my broker, who switched companies, I have to first convert a portion of it into an IRA, as the company it was with said it was too low to be allowed to just move it. I took a major hit, but I feel it's my fault, since I'd told my broker to be aggressive, and I should have changed it up once the market started to tank, but I didn't. Another lesson learned. Very nicely written, Justin, and thanks. I have to say, though, that I am tapping into my 401K, mainly because it’s so low now that I can’t be hurt. That, plus to move it to my broker, who switched companies, I have to first convert a portion of it into an IRA, as the company it was with said it was too low to be allowed to just move it.

I took a major hit, but I feel it’s my fault, since I’d told my broker to be aggressive, and I should have changed it up once the market started to tank, but I didn’t. Another lesson learned.

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