Carl
Sorry that I could not explain more, I was limited to amount of characters I used in my question. I am 70 and have been retired for 7 years. I have never had to get into my 401K as I have other savings I have used to supplement if needed.
I own a small farm, 64 acres, and have thought about going into cattle business. I just thought if I were to buy farm equipment, it might be a good time to take a small amount out of my 401k and then write off the purchase to get back some of the withheld taxes. I usually do not have to pay any taxes, and file with just standard deductions (no itemized deductions). Because of that, just seems to my advantage to buy and then get back as much as possible.
Don't know if that clears things up a little better for you. Thanks for your reply!
