have a profit sharing where i use to work.it says i will be penalized 10 persent for taking it out early.Will i still be penalized if im disabled
2006-10-29 15:17:29 · 4 answers · asked by waynecook52 1 in Business & Finance ➔ Personal Finance
Check your policy to see if there is a clause for extenuating circumstances.
2006-10-29 15:25:21 · answer #1 · answered by S.A.M. Gunner 7212 6 · 0⤊ 0⤋
Being disabled does not excuse you from the rules. However if you ASK and poke around a bit you may get an exception. However I doubt it. If the reason for the ruling is federal law, you must play by the rules. If it is a company rule, you may get some consideration. In order to answer your question better, I would need to know more about the exact nature of the plan.
2006-10-29 16:02:59 · answer #2 · answered by john d 3 · 0⤊ 0⤋
If you don't take it out early, then you will not be penalized, but if you do, you still will be penalized, because you did not leave it in. Disability does not make any difference, but you could call someone and ask them..they might make exceptions..good luck..
2006-10-29 15:24:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You may get special consideration, depending upon the time you leave and the type of disability you have. There are too many variables here to predict with great accuracy.
2006-10-29 15:22:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋