Emergency fund almost depleted

[Delawaredave]

So I'm going to lose my retirement health benfits. I do get a severence package for 7 months and can take a lump sum distribution in 3 years.

Is there a way to retire now with a reduced pension that would keep your medical benefits ?

Few years ago, my FIL was likely to get laid off - his wife had serious medical issues - he opted to start drawing a reduced pension to keep medical beneifts retained - especially because his insurability was shaky with his wife's condition.

Best of luck to you.

 

[rogerc1944]

You might want to do a search for "401k loans". There is an excellent discusssion from last June on this topic. Conclusion: it is almost always a real loser because of double taxation. A 401k loan should be the last choice.