401K Financial Planning

Oliver J asked:

If I quit mt job today. How long will it take to get my 401k check?

I am planning on closing it out, even with all the penalties so I can get out of this debt.!

Anyone have an idea how long it will take? Months maybe?


Question posted courtesy of: Jennifer

mcrevell80 asked:

My husband is starting business school in the fall. I completed his FAFSA and our expected personal contribution is $53k per year (yikes!).

He has a considerable amount saved in his 401k account and since we are both young it might make sense to use that 401k retirement $ towards school expenses.

Is there any way to do this without incurring huge penalties? I know we would pay taxes on the amount in the 401k, but if we are using it for education expenses it seems like there might be some way to use the money without paying the penalty…

Does anyone know of a good way to do this?


Question posted courtesy of: Randall