Comments on: 401k withdrawl rules

By: Noel @ Make Money at Home

Noel @ Make Money at Home — Sat, 12 Dec 2009 11:44:28 +0000

There’s a bigger salary from working online, and you could be a lot prepared when you retired.

Even senior citizens could work at home through Internet jobs. We could call it work and they could earn money, we could call it hobby so they would feel good and happy.

By: Linda @ work from home canada jobs

Linda @ work from home canada jobs — Thu, 10 Dec 2009 14:07:17 +0000

Make a good use of your money when you retired.

There are lots of work at home jobs that could help you earn extra money. Join more Internet forums so you could get more ideas

By: Make Money From Home

Make Money From Home — Sat, 21 Nov 2009 18:28:39 +0000

It’s quite obvious that you are going to get a “penalty” if you premature use the money from your 401k. Use it after you are retired – if you need money before that, why not try and make some extra from the various work at home opportunities that can be found online.

By: Steve Welch

Steve Welch — Wed, 21 Oct 2009 02:49:33 +0000

I am 62 and need funds for a down payment on a home. I always thought after 59 and a half that I could obtain funds from my 401K but the company now tells me I have to wait until I am 65. Does not seem right.

By: Cottie Gorham

Cottie Gorham — Mon, 12 Oct 2009 18:18:06 +0000

If you can cash 401k at age of 71 what is the percentag of taxes to be paid.

By: Rob

Rob — Thu, 13 Dec 2007 12:40:11 +0000

Kathy, I have never heard of such a thing. I am not an expert, but I think that is BS!!!

By: Kathy

Kathy — Wed, 12 Dec 2007 21:37:57 +0000

I am needing to withdrawal from my 401k to keep me from losing my home. My boss said since I have not contributed to it this year I can not withdrawal any. Is that true

By: DARLENE

DARLENE — Tue, 23 Oct 2007 15:13:42 +0000

CAN YOU TAKE MONEY OUT OF YOUR 401K TO INVEST IN A CD(9-MONTH) WITH OUT PENALTY?

By: Mary

Mary — Fri, 28 Sep 2007 15:03:12 +0000

I would like to withdraw $1800.00 to pay off a loan with the intent to increase the amounts that I currently have taken out of my check. Will there be a penalty?

By: mary hirsch

mary hirsch — Sun, 15 Apr 2007 17:45:17 +0000

At 70 1/2 years old, what is the percentage that I have to take out?

I’m assuming the answer would apply to both 401K’s as well as my IRA, yes?

By: mary hirsch

mary hirsch — Sun, 15 Apr 2007 17:43:22 +0000

At 70 1/2 years old, what is the percentage that I have to take out?