... You can't touch this money in the 401(k) until you're 59 1/2 without penalties....Agg97: A common misconception, and totally untrue. You can roll it over into a traditional IRA after you retire, and take 72(t) distributions, or SEPP. Check out IRS Publication 590 for more info.In addition, 401(k) withdrawals are exempted from early withdrawal penalties if you terminate employment from that employer (not a former employer) any time in the calendar year you turn 55, or later.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra