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401k question
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<blockquote data-quote="Ms.PacMan" data-source="post: 409628" data-attributes="member: 4656"><p>Not to hijack the thread but you can take penalty free withdrawals from a 401K as long as you retire in the year that you turn 55 (not before). </p><p> </p><p>You can use S.E.P.P. (substantially equal periodic payments) to make 401K withdrawals after retirement before the age of 55 for 5 years or until 59 1/2 whichever is <em>longer</em> from both an IRA or a 401K.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 409628, member: 4656"] Not to hijack the thread but you can take penalty free withdrawals from a 401K as long as you retire in the year that you turn 55 (not before). You can use S.E.P.P. (substantially equal periodic payments) to make 401K withdrawals after retirement before the age of 55 for 5 years or until 59 1/2 whichever is [I]longer[/I] from both an IRA or a 401K. [/QUOTE]
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