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Does BK change if you retire before completion?
Five year plan. Paid 40 payments so far. Had been planning to retire end of 2014, which would be 1 year shy of BK completion. If 401K is converted to annuity or such to supplement SS and pension (in order to continue to pay out BK at rate agreed on) does it make the 401K money an asset instead of being...
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401-k early withdrawal due to layoff
I'm half way through my 5 year ch 13 plan. I have a 100% plan.
Just received notice today that half the company will be let go in 3 to 6 months.
I know I would have to pay a penalty but I want to withdraw, my 401-k after I separate from the company. I will also receive...
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Out of Work, Out of Options and Over the Hill
October 24, 2010
After 20 months without a job, 55-year-old Henry Dietz has nearly drained his 401(k) retirement plan.
He already has used up his personal savings, borrowed extensively, switched to a catastrophic health plan, which only covers medical emergencies, and even...
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