Skip to main content
No. of Recommendations: 0
I plan to retire at 50. How do I start withdrawing from my 401K without getting nailed with a penalty tax.

I understand there is a method where you can withdraw a certain level amount over a specified period of time before age 59 and avoid the penalty tax. If my annual 401K returns match that annual withdrawal amount is it possible to only be withdrawing the gains and at the end of the specified period still have the original principle in the 401K?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.