Can I Get Money From My Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   If it’s your money, you can do whatever you want. But there may be loan charges, tax consequences and penalties with your plan if it’s qualified money. If you want to avoid taxes and penalties, you may want to explore borrowing provided that you’re not going to leave your employment or transfer your plan to another because there may be punitive ramifications.
    

   Answered on June 19, 2013

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