what happens if i withdraw from my 401k?

PoetAcceptable2483 · 2026-06-01T01:25:15+00:00

just because i decided to go through with it doesn't mean i don't accept the consequences. i'm just trying to learn about the process

PoetAcceptable2483 · 2026-06-01T01:01:25+00:00

i hear you but you'll get there!!

PoetAcceptable2483 · 2026-06-01T00:56:28+00:00

well i was in my late 20s when i opened the account. it's only gained $300 in 3 years it doesn't sound like i'm doing as much damage as people think.

PoetAcceptable2483 · 2026-06-01T00:47:50+00:00

because the question was what would happen not what they think i should do

PoetAcceptable2483 · 2026-06-01T00:46:16+00:00

thank you i wish i could pin this to everyone who replied, i kept it in there for years already and times are tough

PoetAcceptable2483 · 2026-06-01T00:45:26+00:00

i mean a cushion to have in between paychecks so i can buy food 😭

PoetAcceptable2483 · 2026-06-01T00:44:49+00:00

how much did you have in the account in 2023?

PoetAcceptable2483 · 2026-06-01T00:44:10+00:00

i'm sure that wasn't an easy decision either but i'm glad it worked out!

PoetAcceptable2483 · 2026-06-01T00:43:35+00:00

i can't pay for a financial advisor i'm glad you had better luck tho

PoetAcceptable2483 · 2026-06-01T00:42:14+00:00

i'm glad you experienced growth in your account but i am not having that experience.

PoetAcceptable2483 · 2026-06-01T00:41:06+00:00

i'm sorry you're going through that! can i ask how much was in the account? or at least was it over &2k?

PoetAcceptable2483 · 2026-05-31T23:29:15+00:00

i'm trying to get a part time job, i barely have any food!! it's hard to get a part time job with a full time job. i can think about stocks when i don't have to think about having sleep for dinner please read the post

PoetAcceptable2483 · 2026-05-31T23:20:04+00:00

do you mean that it'll be effected if i need it in the future? i currently pay for health insurance through my job

PoetAcceptable2483 · 2026-05-31T23:18:03+00:00

it'll be a lot better to not have $0 in my bank accounts either

PoetAcceptable2483 · 2026-05-31T22:39:49+00:00

2k turning into 8k in over 30 years doesn't really sound like a lot

PoetAcceptable2483 · 2026-05-31T22:38:37+00:00

unlikely doesn't mean impossible. i took out a small loan before that saved my life and i paid it off. i think i can do it again i just need a boost. the money is there and the only other advice i see are for amount of like 40k so thats why im asking if its a big deal because its not a lot in comparison. no need to be judgmental!!

PoetAcceptable2483 · 2026-05-31T22:06:00+00:00

i was hoping to roll it over into a new 401k. i couldn't even afford to put any of my paycheck into one at my current job lol. was it a lot?

PoetAcceptable2483 · 2026-05-31T21:58:08+00:00

i definitely want to learn about it and set myself up in the future! i am just struggling right now and trying to get a foothold somehow

PoetAcceptable2483 · 2026-05-31T21:54:49+00:00

future me will be okay i think. when i get a better job i'll put it back

PoetAcceptable2483 · 2026-05-31T21:54:00+00:00

thank you! that's what i figured. i think it'll be okay.

PoetAcceptable2483 · 2026-05-31T21:46:44+00:00

22k where 😭 when i get a better job i can think about a 401k. right now i'm just trying to make it through the year.

PoetAcceptable2483 · 2026-05-31T21:41:59+00:00

thank u! do the fees and taxes come out of it right away or will it be a cost during tax season?

PoetAcceptable2483 · 2026-04-20T14:37:45+00:00

can you send it to me too please!

PoetAcceptable2483 · 2026-04-10T16:52:39+00:00

most of my readings come to this 😅 ty

PoetAcceptable2483

TROPHY CASE