I am 68 years old and reiting in 6 months. I have a small (6K) 401K and do wish to roll it over to IRA. Shall I be able to cash out without penalty?
Thank you

Welcome to AMHD. "...A distribution of the current 401k plan assets is ordered (this is reported on the IRS Form 1099-R.) Once the assets are received by the employee, they must be contributed into the new retirement plan within sixty days; this deposit is reported on IRS Form 5498. The government limits 401k rollovers to once every twelve months."
See: 401k Rollover - The Benefits of Initiating a 401k Rollover (http://beginnersinvest.about.com/od/401k/a/aa122104a_2.htm)