Just to confirm, this is correct. I was able to move about 35% of my 401K money at Fidelity to a roll-over IRA. My wife (who also is with Fidelity, with another employer) could not move anything.kaneohe said:You probably should ask Fidelity about this. The details are specific to your particular 401K plan
Ron'Da said:Just to confirm, this is correct. I was able to move about 35% of my 401K money at Fidelity to a roll-over IRA. My wife (who also is with Fidelity, with another employer) could not move anything.
It all depends on the company plan...
- Ron
kirkj55 said:I am 55, may retire next year, fidelity says I can pull from my 401k because I would be retired. Can I work part time and still pull from the 401k
Yes I would just work part time with another company to keep busy and make a little extra, I presently work shift work ( 12 hour shifts) that change from days to nights ever 3 or 4 days and I am tired of it,Martha said:Would you be working part time for a different employer?
Provided you separate from service from your employer where you have the 401k in or after the year you turn 55, you can make penalty free withdrawals from the 401k. See page 17 of this publication http://www.irs.gov/pub/irs-pdf/p560.pdf