Comment: Yep, they've locked down your own money

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robot999's picture

Yep, they've locked down your own money

so you cannot get to it unless THEY allow it. i would pay the taxes and penalties in a heart-beat to get my money out of their sights.

P.S. As for getting laid off, you cannot withdraw the funds if you have an outstanding 401k loan. Also, you cannot draw unemployment if you have a 401k loan. finally if you pay off your 401k loan, you cannot take another until a year after you've paid it off.

Who's money is it?

"Government is the entertainment division of the military-industrial complex". - Frank Zappa