Continue to Invest?

[GeoFisher]

I had no penalties because I withdrew the money to put a down payment on a home, just some small processing fees. I have to pay it back to myself, with interest over a period of time, which is good, because all of the money I put in now will be purchasing undervalued stocks, mutual funds, etc. This is allowed for the purchase of a home, college tuition, and a few other circumstances. I bought the home for 25% less than what it appraised for at the time of purchase, so I think I did OK.

OK.............not a withdrawal, or cancellation......a loan against the 401K. THAT is much better, and I've used that to purchase 2 cars and a BOAT

THE money you pay in interest (in my case 12%) is actually the only thing keeping that part of my 401K from tanking. I have 2 loans out on my 401K, which amount to about 50K. Those are over 10 years......and I DELIBERATELY set the rate at 12%, so I get a 12 percent return over those 10 years on the principal...........

Later,

Geo