Unlimited Access to your 401k without being penalized after $10,000 invested. You should be able to pull from your 401k without a tax penalty. Financial hardship is real in the economy we live in today not just for medical bills or buying a house. Looking at a 401k knowing you can’t touch it while your struggling is infuriating. When you have dedicated your time to build up your 401k you should not be penalized by the government and a majority of it taken away in taxes. Its your money that you should be responsible for when and where you can use it without being penalized, after you have invested $10,000.
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This is Awesome! Great Proposal!
I spent a DAY looking to see if anyone else had this idea. Now I won’t need to Propose it!
Many Americans lose a job, change jobs or have life altering occurrences that require financial solutions. If you “cash out” of Retirement, you’re already taxed as income, which is fair!
If you’re vested, then the remaining should be the individuals to use. Instead, a penalty can cost almost the same as taxes. No Penalties on Withdrawals anymore!!!
With investment firms making poor choices, losing our money, making determinations on things we don’t believe in… The way to stop these companies from investing in destructive practices with OUR MONEY, is to give use back our investment power. Let use choose other ways to invest. Precious metals, business ventures, paying down debt, and an avenue of other investments.
This can help our economy. It can stop funding corporations that have destructive agendas and put the power of the purse back into the people’s handles.
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