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Elaine Margarett
04-24-2013, 01:56 AM
Does anyone know of or can recommend a website where I can research options for withdrawals of 401k funds? Like the best time t make withdrawals and how to minimize taxes.

Mods, if this doesn't belong here I'd appreciate you moving it to an appropriate area.

Thanks! :-)
EM

alleycat
04-24-2013, 02:30 AM
I will need to move the thread.

You will need to talk to the people who run the 401(k) and/or your tax accountants. There are some options about how such plans are set up. For example, with some plans someone can make a withdrawal or either 55 or 56 without a penalty. On other plans there would be a penalty if the person wasn't 59 1/2 at the time.

It can get rather complicated because of certain little rules and regulations (and you need to make sure you understand them completely before doing anything).