I would like to purchase a automotive – planning to spend round 20 – 25K. I am 62 years previous, so no penalty, simply tax. I at present would not have an employer making contributions – it is simply sitting in an account with none deposits being made. I do know that as a rule of thumb, I ought to let it journey, however I would like a automotive, my present one has 204K miles on it. I work as a contract programmer, usually on W2 and I’m at present not working. Ought to I take a distribution and pay money? My considerations are getting a mortgage as a contractor – I could get a awful fee as a result of I solely work 6 – 12 months at a time for a given shopper – my credit score rating is about 820 or so. And likewise, I do not wish to be caught with funds when I’m between contracts. Any recommendation?
