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Brown Cafe UPS Forum
UPS Retirement Topics
401K set up advice
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<blockquote data-quote="Dutch Dawg" data-source="post: 1381457" data-attributes="member: 4843"><p>I suspect the 10% hardship withdrawal penalty can be avoided if one is at least age 50 and terminates employment in the same calendar year from which the 401k is tied. I do know if one searches the web, example for other circumstance is given citing 5 year equal distribution formula to be used as income up to age 59.5. Then again I'm just a dumb ole truck driver, so don't take this as the word.</p></blockquote><p></p>
[QUOTE="Dutch Dawg, post: 1381457, member: 4843"] I suspect the 10% hardship withdrawal penalty can be avoided if one is at least age 50 and terminates employment in the same calendar year from which the 401k is tied. I do know if one searches the web, example for other circumstance is given citing 5 year equal distribution formula to be used as income up to age 59.5. Then again I'm just a dumb ole truck driver, so don't take this as the word. [/QUOTE]
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