Re 401k - I understand that, if I lose my job AND I'm over 55, I am able to access my 401k balance without penalty, as long as I leave it in the employers plan. My plan allows a PCRA, and I've been expecting to use this as my emergency fund, if necessary. Is this an accurate understanding on my part?
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Re 401k - I understand that, if I lose my job AND I'm over 55, I am able to access my 401k balance without penalty, as long as I leave it in the employers plan. My plan allows a PCRA, and I've been expecting to use this as my emergency fund, if necessary. Is this an accurate understanding on my part?
Post: Skimping on Cash
Link to comment from June 27, 2021