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-   -   401k taxes and penaltys (https://www.askmehelpdesk.com/showthread.php?t=94652)

  • May 21, 2007, 12:54 PM
    williamjstringer
    401k taxes and penaltys
    Can I withdraw money from my 401k account when I'm 59-1/2 years old without penalties
  • May 21, 2007, 01:02 PM
    ebaines
    Yes. You'll pay income taxes on the withdrawal, but no penalties.
  • May 22, 2007, 05:03 PM
    AtlantaTaxExpert
    Agreed!
  • Sep 1, 2007, 05:16 PM
    williamjstringer
    Quote:
    Originally Posted by williamjstringer
    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
  • Sep 4, 2007, 09:46 AM
    AtlantaTaxExpert
    Yes, once you hit 59.5 years of age.

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