[[I have a 401k with a former employer that I am considering rolling over into an IRA.]]Good deal, Rusty...[[ If I do that, I would have to wait until 59 1/2 before I can make unrestricted withdrawals.]]Which is basically what you have to do with your current 401k account. You MAY be able to borrow against your 401k (which you can't do with an IRA), but you'll still have to wait for quite some time before you can get "unrestricted" distributions from your 401k account.<< What is the earliest date that money can be withdrawn from a 401k without incurring a 10% penalty?>>Check with your 401k administrator for the exact ages and dates. But generally you are looking AT LEAST to age 55.<< I'm am talking about unrestricted withdrawals. Is it the same as IRA's - 59 1/2?>>Again, check with your 401k plan administrator, Rusty, but you are most likely looking at age 55.TMF TaxesRoy
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