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Topic	I'm thinking about cashing out my 401k from my old job
TheKentster 10/17/18 4:40:37 PM #1:	It's just been sitting there for years, got like $11,000 in there and it's starting to go down because of fees and shit. I could really use the money. Figure I'll lose 30% of it so I'll get about $7500 right? Is there any reason not to do this, like does it hurt my credit rating? By the time I retire I should be making like a million a year anyways so the money I'm losing out on by taking it out now would be irrelevant. <cite>TheKentster posted [p:910696857] in I'm thinki... [t:77106668]...</cite> <quote>It's just been sitting there for years, got like $11,000 in there and it's starting to go down because of fees and shit. I could really use the money. Figure I'll lose 30% of it so I'll get about $7500 right? Is there any reason not to do this, like does it hurt my credit rating? By the time I retire I should be making like a million a year anyways so the money I'm losing out on by taking it out now would be irrelevant.</quote> ... Copied to Clipboard!
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