This is an update on the following post
Briefly I
- contributed to after tax (post-1986) retirement plan every month
- withdraw the contribution (~$1000) every month
- still got the employer match ($750 x 9 months = $6750)
- I had ~$55 of gains over the 9 months that I did this. Paid 10% penalty and income tax on $55.
Read the comments to the original post to see all the caveats, and also what the naysayers had to say.
My current situation
Paid over $100k debt in the past year (worked 1 full time and 2 part time jobs)
Have ~3 months emergency fund
I got to 3 months in my emergency fund pretty fast. Now I am slowing down, slowly increasing to 6 months of expenses while restarting 401k, contributing to kids college fund and doing some overdue home repairs.