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% to contribute to 401k
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<blockquote data-quote="browniehound" data-source="post: 308996" data-attributes="member: 4653"><p>Brown,</p><p>From what I understand, you can tap your 401k later in life (or anytime) in the following way:</p><p> </p><p>At a certain age the government will assume you have a certain life-expectancy. You are allowed to withdraw from your 401K at any age if you make equal (monthly?) withdrawals, and continue making the same equal withdrawals until you reach that estimated age.</p><p> </p><p>I'm a layman, but I believe the above statement to be true (or close). </p><p> </p><p>Can someone with some expertise please chime in and correct me or solidify my belief?</p><p> </p><p>Thanks,</p><p>Brownie<img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="browniehound, post: 308996, member: 4653"] Brown, From what I understand, you can tap your 401k later in life (or anytime) in the following way: At a certain age the government will assume you have a certain life-expectancy. You are allowed to withdraw from your 401K at any age if you make equal (monthly?) withdrawals, and continue making the same equal withdrawals until you reach that estimated age. I'm a layman, but I believe the above statement to be true (or close). Can someone with some expertise please chime in and correct me or solidify my belief? Thanks, Brownie:peaceful: [/QUOTE]
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