Need to withdraw from 401k I’m on FMLA and have short term disability and receiving partial pay. But doctor delayed paperwork and I missed a pay period and may miss another as doctor is out of office. I have rent coming up along with other bills and need to pay my credit cards and don’t have enough money to cover. I am panicking and thought I could withdraw from 401k enou…

Withdraw from 401k to pay off debt? I have the urge to withdraw to get a clean slate and move forward without the stress of debt. I understand penalties , etc. Is peace of mind worth it? Update – Thank you all for your quick responses. I will opt not to withdraw but just needed confirmation of what I know is the best choice. I will not be homeless but understand and have empathy f…

Can I withdraw from an old 401K I have an old 401k with around 6k in it from an old job. I feel like I just want to pull the money out, What penalties will I face? I live in NYS if that helps submitted by /u/NarcissaZabini