Questions & Answers

You should do part time MBA. practical experience is a great thing. You want only theoretical knowledge. You can earn while you learn. Don't quit the job. Choose a good university for MBA. And also attend the contact classes regularly Best wishes

It is a bit too early/ I would suggest that you prepare for the job search now but not really do anything until March. Employers will respect your desire to fulfill your obligations.

I don't think it is ever to late to go back to college or change what you want to do for a living, however I read somewhere that depending on how close you are to retirement if the cost of going to school and just being in the workforce for only a couple of years would really be worth it, but I personally think that there is always something else you can learn and going back to college is a lot of fun :) maybe going to a community college would be better for your needs rather than a regular 4 year degree?? I've taken classes every couple of years just to add new skills to what i'm already doing.

Yes but you will be subject to an excise tax equal to 10% of the amount distributed. I won't even go into how much money you just lost by not allowing it to mature to retirement. Reasons money can be withdrawn from a 401k account are: Purchase a residence Prevent foreclosure Medical expenses not covered by insurance Funeral expenses Payment of post-secondary education expenses Home repairs due to a deductible casualty loss Many plans also allow employees to take loans from their 401K to be repaid with after-tax funds at a pre-defined interest rate. You might want to check into this. The loan itself is not taxable income or subject to the 10% penalty as long as its paid back accordingly. Also I would check into getting a student loan as interest rates are often times extremely low and most do not need to be paid back until after graduation. Mine had a starting interest rate of 3%. After graduation I refinanced it with another company offering only 1.99% over a 10 year period.