Ways to Get Money Out of a 401(k) - Working or Not

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Title	:	Ways to Get Money Out of a 401(k) - Working or Not
Lasting	:	11.16
Date of publication	:
Views	:	98 rb

I changed jobs and i need to purchase a vehicle, is this an option?
Comment from : Greta B

Hello if I say I am going to use to buy a vehicle because I need it, I got the money but later let is supposed I do not need to buy this vehicle, do I get penalized or not? thanks
Comment from : OSMAR ARAUJO

Thank you for the value information Sr
Comment from : Mauro

Thank you!
Comment from : Dani Delyon

It's based on the stock market the market goes down same with the 401k account I think its better to try and save your own money up
Comment from : Rookie mechanic

I left my job at age 60 in 2022 due to very stressful conditions Cashed in my 401k and paid taxes on it before I even received cashout It was less than $10,000 before paying taxes on it I gave some to help my daughter and paid of debt with the rest Do I have to pay additional taxes on that?brI'm no longer working Not able to work full time any longerbrTHANK YOU
Comment from : Rose Severance

10:10
Comment from : Zoe Richman

I need extensive dental work done Can I take a withdrawal without penalties for that Would it be considered medical expenses? Thanks
Comment from : Veasna Yong

Hello, do you respond? I have a question
Comment from : Ken Wood

High level education ,? Bro this is my life wtf Cut to it bro wtf you even making a video like this weirdo
Comment from : Francisco Dominguez Duran

Bravo!
Comment from : Jonathan Williams

Hello,brCan I get your help please?
Comment from : Abderrezak Merzoug

How can I find my old forgotten 401k if the employer is bankrupted already No information to help can i find my 401k from my old pay stubs?
Comment from : ユネッス

Sooo much information for 401 K !!!! But I don't see anything about 403B like some informations please
Comment from : Trie Pope

You don’t mention the tax pitfalls of withdrawal I have to take mandated withdrawals and end up getting killed in taxes, both state and federalplus paying penalties every year
Comment from : Steven Hobbs

Hello, I want to use my 401K plan to do some invest in a family business Can I use the 55 yr old strategy to pull out funds? Is this a good idea to invest from my retirement?
Comment from : Freedom Waye

Worked great for me to create an income stream between 56-591/2 with no penalty
Comment from : Teams33

IRS Rule of 55
Comment from : Teams33

So if my employer allows hardship withdrawal for purchase of primary home, do I still pay 10 penalty on top of 10 tax?
Comment from : nada mas Yo

401ks Suck
Comment from : Big Hoss

HellobrI'll be 72 in 1 month but plan to keep workingbrI hear that I have to start removing funds from my pension plan or be penalized Is this correct?brIf I take 4 this year can I change the percentage next year?
Comment from : Dadmezz

What is the earliest age you can withdraw your 401k from a former job
Comment from : Within Histories Grasp

My 401k is losing thousands every month and my employer wont allow me to close my account or withdraw anything they will only allow loans so Im sitting here, completely hopeless watching my life savings sink and there's nothing i can do about it
Comment from : Senor Moody

What if I want to take out my retirement ($7000) from my Walmart employer 401k plan? I ended up being a stay at home mom while my husband works I homeschool my children Should I just cash a check if they send it or send the check or rollover it to a E*trade Roth IRA account?
Comment from : Absolute Malmaute

Remember they will tax you on this money so remember Uncle Sam
Comment from : Yanille Castillo

I believe a lot of it is do to fear of the unknown why people r pulling out not referencing to the people “ who are about to retire but the younger ones
Comment from : Yanille Castillo

Is this a good idea ? Most millionaires made their money by consistently investing and never pulling out money 100 Facts study was done by Chris hogan I believe and Not sure if david Ramsey was in it too
Comment from : Yanille Castillo

So my job doesn’t allow me to take out any money or loans, and I still work there Is there any way I can roll it over or a way to force it out?
Comment from : Badgirlbatch

can I withdraw all the money and request the 20 to be transferred to IRA?
Comment from : Y Z

I want to thank you this is a very good video and it’s exactly what I wanted to find out about with all the details
Comment from : Alex

Yes! I'm wondering right now, "how do it get out of this!?" Thanks for this video!
Comment from : Lisa Culton

I just left my job and fidelity already sent all my money and I'm thinking about rolling my money to my new job Can I do that and how? Please help
Comment from : Mario Lopez

Thank you for the information
Comment from : Kaushal Kishore

Of course this information was useful 👌👍
Comment from : g robles

I have a question involving the CARES Act (2020) and the CARES Act extension (2021) brAre the 2020 rules regarding early 401k covid withdrawals and the spreading the income tax out over 3 years still applicable to 401k withdrawals made in 2021? For example, if I pull $40,000 out of my 401k this year(2021) under the CARES Act rules, will the 10 early withdrawal penalty waived, and will I be able to defer the income tax over the next 3 years?brThanks,brRob
Comment from : Robert Luke

I'm going to hear more from you soon on the "The Rule of 55", but your comment in description says this option may not be good I plan on using it I've talked to my employers 401k broker and they seem fine with establishing lump sums or monthly installments as my employer allows it Why is it that people don't know about this "rule"?
Comment from : Paul Mrxtramean

But what about if you are quitting a job way before retirement? I thought that might be under "Not Working" but it seems as if there is only information about retiring
Comment from : Zach Grant

Good information…I’m retiring in about two years and researching what to do with my 401k’s Just subscribed
Comment from : Mark Gosser

I’m 70 & planning to retire within 15 years… Should I take the money every month from my 401k / 457 plan as a supplement income with my SS & pension? What’s the pro & cons?brSecond thought is: should I take 40-50k for the down payment for buying a primary residence 1br apartment?brWILL THIS 40/50k would be taxable?brWhat’s your contact info?
Comment from : Iq Hirani