Before you go putting too much money into your employers retirement plan to try to hide it from Uncle Sam, it may help you to understand the 401k withdrawal rules and what is involved with getting your money back.  For example: What if you have an emergency and you need the money right now? What if you are planning on buying a house? What if you are plan to retire early (before age 59-1/2)?   It’s Always Your Money: The first thing you should know is that when it comes to putting your money into your employer's 401k retirement plan is that the money is always yours (not your employers)! This is a very common misconception … [Read more...]