Pull money out of my pension early for a hardship

[SoCalifMOm]

Hello,
My husband has worked as a loader for UPS for 16 years and we are having major hardships with medical bills. Can he pull some money out of his pension?
Thank you, crying wife

 

[Turdferguson]

Hello,
My husband has worked as a loader for UPS for 16 years and we are having major hardships with medical bills. Can he pull some money out of his pension?
Thank you, crying wife

No

 

[SoCalifMOm]

I read somewhere you could take 10% for only hardships

 

[IVE GOTTA PACKAGE 4U]

I read somewhere you could take 10% for only hardships

From your 401k plan. Not your pension

 

[rod]

Has a 16 year employees health insurance gotten that bad? P.S. DON"T USE YOUR REAL NAME

 

[SoCalifMOm]

Thank you, changed name

 

[olroadbeech]

does he have a 401k? he may be able to take a loan for a hardship. not sure .
we have had tremendous medical bills over the years. our insurance has paid most of them and we negotiated the rest down to almost zero. You have to go to the billing dept. of the doctor and explain your situation.

my mother used to work in billing at a hospital and it was not unusual for them to write off most of the patients responsibility after the insurance payment.

doctors and hospitals charge so much because they know they are going to have to write off a percentage. it's a tax deduction for them anyway.

 

[Wally]

What medical bills? Don't part timers have insurance?

 

[Indecisi0n]

Have any pics? Maybe we can work something out.

 

[rod]

What medical bills? Don't part timers have insurance?

That's what I said---and I didn't get an answer either.

 

[Brownslave688]

That's what I said---and I didn't get an answer either.

Yep not understand this.


Maybe she's really been sitting at home buying shoes all day.

 

[JL 0513]

Yeah, something's off with the story. Part timers insurance covers most of everything.

 

[over9five]

Yeah, something's off with the story. Part timers insurance covers most of everything.

Even sex reassignment surgery?
Asking for a friend..

 

[Number-Nine]

My husband likes cheese

 

[JL 0513]

Even sex reassignment surgery?
Asking for a friend..

No, you have to sign up for the military for that.

Oh wait, Trump ended that insanity today.

 

[Indecisi0n]

Even sex reassignment surgery?
Asking for a friend..

Can I have what they cut off?
Asking for a friend...

 

[Wally]

Yep not understand this.


Maybe she's really been sitting at home buying shoes all day.

We have really good insurance. Their bills really should not be that much. Even with that, make payments you can afford. There should be no hardship from that.

 

[TearsInRain]

don't touch your 401k, that would be monumentally stupid

 

[olroadbeech]

don't touch your 401k, that would be monumentally stupid

i agree for the most part. depends on circumstances. this would be a last resort.

you can loan money from a 401k for education expenses, prevent eviction from home, to buy a home , and to pay un-reimbursed medical expenses.

the OP should seek professional advice before doing anything .

 

[Mst3k]

Sounds like wifey was secret bills and wants to raid the family savings to pay them.