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Brown Cafe UPS Forum
UPS Retirement Topics
401K set up advice
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<blockquote data-quote="Xexys" data-source="post: 1383787" data-attributes="member: 47259"><p>I took money out of my 401k last year (almost 20k). I didn't get any penalty at all and at the time I was 57 years old. </p><p></p><p>I believe it depends on how UPS codes it on your W-2 as my wife who is an accountant noticed it on our W-2 that it was coded differently than it should have been for us to get the penalty. Lucky me...</p></blockquote><p></p>
[QUOTE="Xexys, post: 1383787, member: 47259"] I took money out of my 401k last year (almost 20k). I didn't get any penalty at all and at the time I was 57 years old. I believe it depends on how UPS codes it on your W-2 as my wife who is an accountant noticed it on our W-2 that it was coded differently than it should have been for us to get the penalty. Lucky me... [/QUOTE]
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