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Norm

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  1. I would like to know the companies paying the highest interest on 403b's.
  2. Norm

    Withdrawls

    He told me that there will be a 1.5% withdrawl penalty until July 2004. I was under the impression that at age fifty nine and a half, a withdrawl could be made without penalty. I know that any withdrawl will be taxed but he is saying that there will be a penalty and a tax. I hope this is enough information for an answer. Norm
  3. Norm

    Withdrawls

    I am 59 and half years old. I want to withdraw a portion of my 403b (TSA) . I have been told that there will be a 1.5% penalty if I withdraw before July of 2004. I was also told that I could secure a loan for the same amount without penalty but would need to start repaying the loan in a month’s time. Can someone tell me if the 1.5% penalty is common and why am I being subjected to such a penalty after turning 59 and a half? I would also like to know the pros and cons of a loan vs. a withdrawal.
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