Farrell: Taking 401(k) money before 59 ½ isn't a good idea

  • by: CHRIS FARRELL
  • Updated: August 9, 2014 - 2:00 PM

Q: Here’s the spot we are in. My wife had 28 ½ years in with a company and she was let go. Our goal was 30 years with the company, which would have been in September 2015, when my wife will be 55. The plan had been to tap her 401(k) (over $500,000) at that point.

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