Ask Experts Questions for FREE Help !
Ask
    18012134's Avatar
    18012134 Posts: 1, Reputation: 1
    New Member
     
    #1

    May 26, 2012, 02:40 PM
    Withdrawal 401
    I have had a stroke unable to work 61 years old,wife is 72 years what can we do we need 401 to pay bills.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    May 26, 2012, 02:54 PM
    You are old enough to start withdrawing your 401(k) without penalty. So talk to the plan admin about doing so.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401 K withdrawal [ 1 Answers ]

If at 59 1/2 I withdraw from my 401K, can I do it once and leave the rest of the money in my account or do I have to take more payments?

401 K withdrawal [ 1 Answers ]

Was laid off 2 months ago 3/13/09 and submitted withdrawl papers with my old employer on 3/18/09 since then my paper work has not been submitted to , I have called my old employer and several times with no results soon I'm going to be on the street what can I do to get my old employer to do their...

401(k) withdrawal [ 3 Answers ]

Hi _ I recently deemed my 401(k) loan of $46,000. Can anyone suggest on how much I need to save to pay for the taxes on the early withdrawl. My husband and I make around $125,000 so I'm not sure what tax bracket that $46,000 will put us in and what we need to save to pay for the deemed loan. ...

401 withdrawal [ 1 Answers ]

My husband passed away in June of last year. He had a 401 and I am beneficiary. I need this money to pay funeral expenses and tuition. I am 47 years old and have been in school for the last 1 1/2 years. I'm not working and I am in need of this money now. What's the best way of going about this.

401 k withdrawal [ 2 Answers ]

I am 60 yrs old disabled on social security disablity of 1100.00 before my medical deduction, I would like to close out my 401k and pay off my house , I want to know if the 20 percent taxes they take out is mostlikly all I will pay to the federal government and 10 percent to state of calif, I can...


View more questions Search