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gaudin2
Mar 8, 2006, 04:52 PM
What is the oldest you can be to withdrawl from a 401 plan?

CaptainForest
Mar 8, 2006, 09:07 PM
See this website: http://www.chaffey.com/hffo9907/0799_b.htm

Normaly it starts when you are 59.5

Once you hit 70.5, you must withdraw a minimum amount depending on your life expectancy. You must begin receiving these payments by April 1 of the calendar year following the year you turn 70½.

fredg
Mar 9, 2006, 05:53 AM
Hi,
If you have a 401k Plan, call your Plan Administrator for the youngest you can withdraw without penalty. It can vary from plan to plan, but as said, normally is 59 1/2.

gaudin2
Mar 9, 2006, 10:07 AM
See this website: http://www.chaffey.com/hffo9907/0799_b.htm

normaly it starts when you are 59.5

Once you hit 70.5, you must withdraw a minimum amount depending on your life expectancy. You must begin receiving these payments by April 1 of the calendar year following the year you turn 70½.
Thank you , this is very helpful. gaudin2

gaudin2
Mar 9, 2006, 10:08 AM
Hi,
If you have a 401k Plan, call your Plan Administrator for the youngest you can withdraw without penalty. It can vary from plan to plan, but as said, normally is 59 1/2.
Thank you for your input, but what I was looking for is "the oldest, not the youngest. But thanks anyway. gaudin2