The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: What about age of Retirement? Date:  12/12/1997  7:46 AM
Author:  ajitgeorge Number:  762 of 88532

I just read two books on the subject, so I'll venture an answer to your question.

Withdrawing funds from a standard IRA before the age of 59 1/2 carries a 10% penalty plus the deferred taxes.

I believe 401k and 403b withdrawals suffer similar restrictions. However, you can borrow from your 401k. You have to make monthly payments with interest, but that interest is paid to your (retired) self.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us