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401k Early Withdrawal Discouraged

Considering getting a 401k plan as part of your savings plan? Well, that surely sounds a great idea but before you sign the papers, make sure that you are well oriented with all the policies governing 401k. It is not like a savings bank account where you can save today and withdraw anytime without any charge or penalty. With 401k, Early Withdrawal is discouraged. In fact, if you would really insist on withdrawing your share, you would get penalized for it. Well, unless, you have valid reasons that are in accordance with IRS policies. Check or verify with IRS web site for the valid reasons that would give clearance on early withdrawal.