Re: Withdrawing Pension in Texas...is it safe?

Posted by WHY CHAT (12.78.14.28) on January 04, 2004 at 15:02:53:

In Reply to: Re: Withdrawing Pension in Texas...is it safe? posted by catballou on January 04, 2004 at 14:44:23:

I answered this on another thread.

Once you withdraw exempt $$ you pay tax and penalties on the withdrawal, and the funds are subject to freeze or seizure if you already have a judgment.

You can structure your payback on a loan so as to ease the burden, and in any case, you usually can only borrow a % of your account.

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