Originally Posted by
Yermom
Since this thread has touched on monetary issues, I have a questions about our PRAP. This is a hypothetical, worst-case scenario, so please understand I'm not running to the bank as I type this. Just wondering if it's even possible to tap into PRAP retirement savings? I understand all the penalties and implications of early withdrawal. I just don't know if the PRAP is different than a standard 401K, and if we do, or do not, have the ability to make early withdrawals. Thanks to anyone who responds.
Yermom
Yes, log into the PRAP and search for loan info. You’re taking a loan from yourself, and you pay yourself interest. It may or may not be the right decision.