Does anyone
know what the limitations are on 401k retirement plans? For example, I was wondering what the 401k maximum contribution was, as well as how I could withdraw any money without penalty before the official retirement age of 59 and 1/2. I’ve got a Vanguard 401k through my employer, and as you would expect with a index fund (which tries to shadow the performance of the S&P 500 index in my case), it is getting absolutely stomped right now, what with the S&P falling off 400 points since the summer. I the talking heads up in Washington say this isn’t a recession….I’d hate to see one if that’s the case!