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re: 401k options if ready to retire early?
Posted on 6/13/23 at 8:27 am to meansonny
Posted on 6/13/23 at 8:27 am to meansonny
Let’s say I have $2 million in my 401K at 55. Is all of it stuck there sans penalty until I’m in my 60s? Are there any options to access it or interest associated with it prior to without penalty?
1
Posted on 6/13/23 at 10:05 am to BabyTac
Just remember that $2 million in a 401k isn’t the same as having $2 million in after tax accounts. Everything you take out is taxed as ordinary income.
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