401k Investing Advice: When Can I Withdraw Funds

401(k) Investing Advice To download the free 401(k) Rollover 10-Point Checklist go to http://retirementplanningmadeeasy.com/401krollover When Can I Withdraw My 401(k) Funds? You have a couple of options about when you can withdraw funds from your 401(k). Here they are: 1. 401(k) loans 2. 401(k) hardship withdrawals 3. Age 55 or later, and just lost your job 4. In-Service Non-Hardship 401(k) Withdrawal 5. You quit your job Keep in mind your employer's 401(k) plan may not allow for 401(k) loans, hardship withdrawals, or even In-Service Non-Hardship Withdrawals. But it may be worth asking if you need to get money out. Some things to keep in mind... Just because you may be able to withdraw funds from your 401(k) doesn't mean it is a good idea. The whole point of 401(k)'s is to save for your retirement. So just because you can withdraw funds from your 401(k) doesn't mean it is the best thing to do. To download the free 401(k) Rollover 10-Point Checklist go to http://retirementplanningmadeeasy.com/401krollover And be sure to check out more videos / articles and retirement information at http://retirementplanningmadeeasy.com/

Comments