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401K early withdrawal

10-06-2006, 03:11 PM	#1
Corporateburnout Thinks s/he gets paid by the post Join Date: Sep 2006 Posts: 1,743	401K early withdrawal Hi everyone, I have heard that you can withdraw money out of a 401K plan at age 55 without penalty. Is this true?

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Re: 401K early withdrawal

10-06-2006, 03:13 PM	#2
renferme Recycles dryer sheets Join Date: Oct 2003 Posts: 452	Re: 401K early withdrawal YES, it's true, but you may have to pay income tax

Re: 401K early withdrawal

10-06-2006, 03:23 PM	#3
Martha Moderator Emeritus Join Date: Feb 2004 Location: minnesota Posts: 13,228	Re: 401K early withdrawal So long as it is after your separation from service in or after the year you reached age 55. http://www.irs.gov/publications/p575/index.html __________________ . No more lawyer stuff, no more political stuff, so no more CYA

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