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re: 401K fees & taxes

Posted on 1/26/24 at 7:55 pm to
Posted by TX_Tiger23
Seabrook, Texas
Member since Aug 2013
23 posts
Posted on 1/26/24 at 7:55 pm to
You avoid the 10% penalty by withdrawing from a 401k as long as you’re 55 or older, not 59.5 like IRAs.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2136 posts
Posted on 1/26/24 at 8:42 pm to
Rule of 55 on!y applies to 401k of employer that you leave in year you turn 55 or later. Other 401ks and IRAs do not apply (unless you rollover into employer 401k before leaving.)
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