2007-07-25 14:54:04 · 6 answers · asked by Darn Dave 2 in Business & Finance ➔ Personal Finance
Under certain circumstances yes. Over a certain age, yes. This site has details on those circumstances and the age:
http://wps.fidelity.com/401k/about/with.htm
2007-07-25 15:04:50 · answer #1 · answered by Morgan M 5 · 0⤊ 0⤋
When you retire. 65 - I think.
Ummmm - no, pitbull. That is not correct. That is when you are entitled to any match that was put in and earnings. You can't take the money out then. That just means you own it at that point. The tax lawys dictate a penalty and taxes for early withdrawal.
2007-07-25 15:00:36 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Think it's age 59 1/2 but it could be 60 .
2007-07-25 15:00:40 · answer #3 · answered by kate 7 · 0⤊ 0⤋
1) Age 59.5
2) Dead (.....I don't recommend this one)
3) Disabled (....this one either)
4) Age 55 and permanently separated from service
There is a reason the it is called a retirement account. It is for your retirement. The 10% is incentive to keep it in there.
2007-07-25 16:06:53 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋
my sister was laid off from her job and she was over 49 1/2 at that time so she was able to withdraw her entire account instead of rolling it over into an IRA.
2007-07-25 15:04:23 · answer #5 · answered by C C 3 · 0⤊ 1⤋
When you are fully vested. Usually about 3-5 years depending on your company's policy.
2007-07-25 15:00:09 · answer #6 · answered by pitbull1969 5 · 0⤊ 5⤋