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Question by  Dwehner (1)

The year I turn 59 1/2. Can I cash out, or do I need to make sure I am 59 1/2 when it's done?

 
+5

Answer by  souldolphindream (835)

I would recommend that you wait. Sometimes the system can cause problems for you if you cash out to early.

 
+4

Answer by  tamarawilhite (17883)

Do not cash out your 401K or IRA until AFTER you are 59 years and 6 months old. Doing so before then will generate a tax bill.

 
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