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-   -   Gaudin2 (https://www.askmehelpdesk.com/showthread.php?t=22496)

  • Mar 8, 2006, 04:52 PM
    gaudin2
    Gaudin2
    What is the oldest you can be to withdrawl from a 401 plan?
  • Mar 8, 2006, 09:07 PM
    CaptainForest
    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.
  • Mar 9, 2006, 05:53 AM
    fredg
    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.
  • Mar 9, 2006, 10:07 AM
    gaudin2
    Quote:

    Originally Posted by CaptainForest
    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
  • Mar 9, 2006, 10:08 AM
    gaudin2
    Quote:

    Originally Posted by fredg
    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

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