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Reply to "Stupid me emptied my 401k to buy a house at 42"
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[quote=Anonymous][quote=Anonymous]You may not planning on retiring at 50 something, but you may be forced to. Lots of 50s something getting laid off then can't find another job that pays even close to what they were making. I suppose you could always sell your house if you need the $$ later.[/quote] That's me. I'm a 50 something former VP with 25 yrs of solid experience in my field, and I can't even get an interview. I think it's largely because I'm a woman, and because I was an exec--so first assumption is always overqualified/overcompensated. That said I'm not looking very hard as NW is over $10m, fortunately. (Also, answer to OP's question: we borrowed money from 401k years and years ago for a downpayment but repaid quickly)[/quote]
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