NFT: Pull Money Out Of 457/401K? - Page 3

The Rick · 05-03-2005, 01:00 PM

Here's a quick question. I think I know the answer, but I'll ask anyway.

I have a debt I want to pay off quickly. I don't feel like getting roughed up by a couple of thugs looking for their money.

Okay, I'm just kidding about the thugs part.

But honestly, I just want to be rid of some debt and I don't enough spare cash on hand to pay it off right now.

I do have more than enough to pay off the debt in a 457. Is there any way to pull some money out of a 457?

So far, the only thing I've seen about pulling money out of a 457 is that it can be done when you quit your job or in the event of an unforseen emergency. I don't feel like quitting my job and don't have any emergencies right now.

I know there would be taxes that would have to be paid and possibly a penalty, but it would still be worth it to me in the long run.

05-03-2005, 01:00 PM	Topic Starter
The Rick Veteran Join Date: Aug 2000 Location: Milwaukee, WI Casino cash: $6811320	NFT: Pull Money Out Of 457/401K? Here's a quick question. I think I know the answer, but I'll ask anyway. I have a debt I want to pay off quickly. I don't feel like getting roughed up by a couple of thugs looking for their money. Okay, I'm just kidding about the thugs part. But honestly, I just want to be rid of some debt and I don't enough spare cash on hand to pay it off right now. I do have more than enough to pay off the debt in a 457. Is there any way to pull some money out of a 457? So far, the only thing I've seen about pulling money out of a 457 is that it can be done when you quit your job or in the event of an unforseen emergency. I don't feel like quitting my job and don't have any emergencies right now. I know there would be taxes that would have to be paid and possibly a penalty, but it would still be worth it to me in the long run.
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