Withdrawl Question from retirement

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  • helicopter23
    SBR Wise Guy
    • 05-25-07
    • 622

    #1
    Withdrawl Question from retirement
    Is there a limit of times a year someone can withdrawl from there 401k. Can you do it once a week, a month, or is there a limit?
  • porkchop817
    SBR Wise Guy
    • 11-29-08
    • 531

    #2
    are you over 59.5 years of age?
    Comment
    • mmike032
      SBR Hall of Famer
      • 09-11-08
      • 8905

      #3
      buried.
      Comment
      • helicopter23
        SBR Wise Guy
        • 05-25-07
        • 622

        #4
        Originally posted by porkchop817
        are you over 59.5 years of age?
        My Dad's friend is 60.
        Comment
        • pavyracer
          SBR Aristocracy
          • 04-12-07
          • 82889

          #5
          Ask the 401k company that processes the account.
          Comment
          • mmike032
            SBR Hall of Famer
            • 09-11-08
            • 8905

            #6
            Brock Landers, is that you?
            Comment
            • porkchop817
              SBR Wise Guy
              • 11-29-08
              • 531

              #7
              if someone is over 59.5 years of age, and retired, I don't think there is a limit to how many times you can withdraw. you do have to pay taxes on it though.
              Comment
              • flyingillini
                SBR Aristocracy
                • 12-06-06
                • 41219

                #8
                Go get one of those Gary Coleman loans.
                המוסד‎
                המוסד למודיעין ולתפקידים מיוחדים‎
                Comment
                • nosniboR11
                  SBR Posting Legend
                  • 09-02-08
                  • 10042

                  #9
                  Helicopter pm me with the details of your situation and I will explain to you exactly the rules. Have a good day.
                  Comment
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