Re: I think Robert and you would find this interesting

[Robert <http://dummy.us.eu.org/robert>]

 > From: heather Howard <http://www.gmail.com/~hhoward40>
 > Date: Thu, 11 Jun 2020 09:38:00 -0700
 >
 > Not making enough to save that much right now. I can this summer.  I’m two
 > months short of that - I have 4 months saved now but only because I stopped
 > vesting in my 401k temporarily.

I see online that you have 'til the end of 2020 to pull money out of your
401k.

So, if it were me, I'd wait until you build up your 6 months of savings to
weather a further downturn before making further decisions.

 > On Thu, Jun 11, 2020 at 9:35 AM Robert <http://dummy.us.eu.org/robert> wrote:
 > > Did you ever build up your 6 months of savings (enough to cover costs for
 > > 6 months)?  That should be priority 1.
 > >
 > > After that, there are different directions to go in.
 > >
 > >  > From: heather Howard <http://www.gmail.com/~hhoward40>
 > >  > Date: Thu, 11 Jun 2020 09:25:03 -0700
 > >  >
 > >  > I am hearing a similar forecast on NPR this a.m.  My question is whether I
 > >  > should be withdrawing a maximum from my 401 K and parking it in a money market
 > >  > account so it is not open to the volatility of future markets.  I can withdraw
 > >  > up to 100K and not have to pay taxes for up to 3 years — no penalty, only
 > >  > federal and state income taxes.  This is under the CARES act.  When I talked to
 > >  > the Fidelity advisor, he encouraged me to keep my money in.
 > >  >
 > >  > What say you?