What do you do if your financial portfolio does so well that you see early retirement as an option, but your portfolio is "locked up" in retirement accounts (401K, Roth IRA, etc)? How can you get this money without penalty? Or, is there a better option?
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heebygeeby
ANSWERS: 2
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There was a recent article in the paper that was askign the question if Americans are saving too much for their retirement. Based on your reply that sounds like it might be true. The first thing you want to do is stop contributing if you haven't already to the 401k/IRA type of accounts. There are certain exceptions for which you can withdraw money from a retirement account such as education. You can also borrow against your 401k. But I don't think you want to do that since you would have to repay yourself anyway.
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First of all stop contributing the amount and you can withdraw a part of it if you are over the age of 59 ½ but under 70 ½. And for more details you take help of IRA and 401k professional, Jeff Nabers who specially helps people in this regard. For details you can log on to his website. http://jeff-nabers.blogspot.com/ http://www.zimbio.com/Personal+Enlightenment/articles/8/About+Jeff+Nabers
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