Don't think so but could be wrong. Believe it depends on how the company sets it up. Since we can retire from the company with a minimum fifteen years service at age 55, perhaps they were allowed to move the 401K non-penalty withdraw date to the same age. Don't know for sure but indeed it works. Unlike some of the others, I strongly encourage 401K contributions. With a lot of help from that asset, I was able to purchase farming parcels ranging from $1000-2300/acre and in this area they are now bring as much as $10,000/acre. Might not be able to duplicate this in today's enviroment, but the future is uncertain and if the opportunity again surfaces, a significant 401K nest egg would be a great enabler.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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