Replying to Avatar Michael R. Sullivan

I am thoroughly pissed off right now.

I was just told by my 401k provider that my work's plan is so restrictive that I'm not allowed to take out MY MONEY for any reason that isn't a hardship withdrawal (medical bills, serious financial issues) or quitting my job.

Is it really MY fucking money then if I can't do what I want with it?
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T 2y ago

My gut is saying this is bullshit and you can beat it.

Current liquidity crunch logically will make these providers very incentivized to make withdrawals as painful as possible.

Get a hold of the policy in writing, or go full Karen and demand to speak to higher-ups until someone caves.

Don’t take no for an answer.

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Michael R. Sullivan 2y ago

I'll certainly be making some noise, specifically with my employer, as this is completely ridiculous.

I knew they were restrictive, but most allow you to withdraw after paying a penalty or at least taking some kind of loan against it.

Just another reason illustrating just how broken our financial system is.