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401k withdrawals
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<blockquote data-quote="toonertoo" data-source="post: 313780" data-attributes="member: 1944"><p>I agree it is a bad Idea, but for 23 yrs, first the thrift plan, and then the 401 k I never thought of touching it. </p><p>But I am glad it was there for my hardship. While I could pay on bills every day for the rest of my life for a catastrophic surgery, this will lessen my stress, and in 6 months I can start contributing again. And all my bills will be paid, for the medical part of my expenses. We have great insurance but with cancer or some ongoing illness, I cant even imagine what is left to be paid by a person. This was just, well not just, but coronary bypass. </p><p> Ours was about 7 grand, not huge but owed to about 20 different surgeons, labs, hospitals radiologist, etc. You get the picture. And it was a one time deal, not a whole lot of expense afterward that we cannot keep up with. But for me to write out 20 checks a month for 20 bucks, for ever, would be more stress than I can deal with. Im lucky and glad I had saved so I do not have this problem to face. And we can get on with our lives and not have this burden on us. So for me it was the correct thing to do. Not for everyone, but for us it was.</p></blockquote><p></p>
[QUOTE="toonertoo, post: 313780, member: 1944"] I agree it is a bad Idea, but for 23 yrs, first the thrift plan, and then the 401 k I never thought of touching it. But I am glad it was there for my hardship. While I could pay on bills every day for the rest of my life for a catastrophic surgery, this will lessen my stress, and in 6 months I can start contributing again. And all my bills will be paid, for the medical part of my expenses. We have great insurance but with cancer or some ongoing illness, I cant even imagine what is left to be paid by a person. This was just, well not just, but coronary bypass. Ours was about 7 grand, not huge but owed to about 20 different surgeons, labs, hospitals radiologist, etc. You get the picture. And it was a one time deal, not a whole lot of expense afterward that we cannot keep up with. But for me to write out 20 checks a month for 20 bucks, for ever, would be more stress than I can deal with. Im lucky and glad I had saved so I do not have this problem to face. And we can get on with our lives and not have this burden on us. So for me it was the correct thing to do. Not for everyone, but for us it was. [/QUOTE]
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