Snippets home page
 
 
register
 
 
Snippets.com - Short Answers

When can I cash out my 401k without penalties?

asked by smittyfuel (11)

You have 50 words left!
 
 
related questions

Are there any tax penalties for closing a Roth IRA?

At what age can I withdraw from my IRA without penalties?

Do both people on an insurance claim check need to sign it in order to cash it?

Do you have to file a 1099 if you gift someone over 10,000.00 cash?

How can I earn extra cash?

What are the penalties if you withdraw from your 401k to purchase a home?

What tax rate do you pay on cash dividends?

Tags:  money  retirement  when

answers

This can only be done if you are over 59 1/2 years of age or classified as disabled, thus unable to work.

6 votes

You can cash out your 401k when you turn 59 years old or retired. If you withdraw before this age, you're subject to a ten percent penalty.

reply
posted by belle39 (433)
4 votes

Report a post on this page as inappropriate
 If you have questions about user content, read our liability disclaimer

  
   
Add your own answer in 50 words or less! Add your comment in 50 words or less!

copyright © 2008
conjecture corporation

FAQ About Us Contact Us Terms & Conditions Privacy Policy