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-   -   401 K Withdrawals (https://www.askmehelpdesk.com/showthread.php?t=318915)

  • Feb 18, 2009, 09:02 AM
    jseward
    401 K Withdrawals
    At what age can you start withdrawing from a 401K account?
  • Feb 18, 2009, 12:05 PM
    FrankK2

    59 and 1/2.
  • Feb 18, 2009, 08:35 PM
    ebaines

    If you mean: at what age can you start withdrawing without incurring the 10% early withdrawal penalty, then the answer is either:

    1. Any time in the calendar year when you turn 59-1/2, or
    2. If you are age 55 or older in the year you are separated from service then you can start taking distributions without penalty.
  • Feb 23, 2009, 11:42 AM
    rkosheff
    The 59 and 1/2 age does mean you avoid the 10% early withdrawal penalty but you still pay ordinary income tax on the amount withdrawn. If possible, you can let the money grow until age 70 and 1/2 at which time partial withdrawal becomes mandatory.

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