View Full Version : 401k taxes and penaltys
williamjstringer
May 21, 2007, 12:54 PM
Can I withdraw money from my 401k account when I'm 59-1/2 years old without penalties
ebaines
May 21, 2007, 01:02 PM
Yes. You'll pay income taxes on the withdrawal, but no penalties.
AtlantaTaxExpert
May 22, 2007, 05:03 PM
Agreed!
williamjstringer
Sep 1, 2007, 05:16 PM
can i withdraw money from my 401k account when im 59-1/2 years old without penalties
can I take a lump sum distribution from my 401k without retiring
AtlantaTaxExpert
Sep 4, 2007, 09:46 AM
Yes, once you hit 59.5 years of age.