When Can You Withdraw From Your 401k? (…and When Should You?)

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You’re smart. You’ve been putting money away into your 401k for years and it’s actually starting to turn into quite the pot of gold! But…then life happened and you could really use some money…and fast. You don’t have much in your savings, and you probably don’t have enough time to earn the money….so it’s leaving your wondering, “When can you withdraw from your 401k?…and should you??”

When Can You Withdraw From Your 401k?

You’ve heard it again and again:

If you withdraw money from your 401k before the age of 59 1/2, you’ll be taxed and penalized.

But is that really true??

Not always.

In fact, there are quite a few circumstances where you can withdraw from your 401k without penalty (but of course, you’ll still have to pay the income tax). Take a look at all the scenarios below where the government actually can’t penalize you . . . → Read More: When Can You Withdraw From Your 401k? (…and When Should You?)