1. 475 POINTS
    Barry Cohn
    President, RGEB Employee Benefits, Los Angeles
    Contact ING and request documents to execute to withdraw money from a retirement plan.  It depends if it is an IRA or 401(k) and if you are over 59 1/2 or not.

    If you want to withdraw funds from a 401(k) plan you can only withdraw money that you put it or is vested in a company plan. If you take the money out before you reach retirement age you will pay a penalty of, I believe, 10% and have to pay taxes on the income.
    You may be better served to take a loan out if it is permitted.
    Answered on April 15, 2014
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