@cnbcselect: Replying to @Azizul Quaderi ⚠️ Don't withdraw anything from your 401(k) without watching this video. ⚠️ We asked our editor James Ellis to explain how to withdraw from your 401(k) without penalty. Have more questions that you'd like our team to answer? Let us know in the comments. 💬 #cnbcselect #cnbc #401k #401kwithdrawl #retirementfunds #howtowithdrawfromyour401k #isitbadtowithdrawyour401k
my plan takes 20 percent off the top of withdrawal. How do u know what percent is going to be final tax percent?
2024-12-29 19:06:29
4
Jennifer Burg :
wrong. if plan allows hardship, no 10% penalty,has to be 1 of 6. while law changed & may not require proof of hardship, if it's audits you,you better have proof. i work in 401k industry, TPA.
2024-12-21 14:05:23
12
Manny :
I'm 80 years old and want to withdraw all of my 401k?
2026-02-10 00:50:36
2
AlejandraE :
how can i cancel my 401k
2026-02-01 06:25:44
2
dawnab :
59.5 here. why do I have to pay myself back to take money from my 401k?
2024-12-21 15:11:48
5
Martin Pio0 :
You can take a Loan from your 401K and pay YOURSELF back with Interest like 2-5% over 5 years max I think
2024-12-21 21:31:11
10
Asil :
Don’t forget the Rule of 55 from the most recent employer 401k!
2024-12-21 16:38:08
8
1 :
open a Roth IRA, you can do a lot of withdrawals penalty free from there. Have it alongside your 401K and invest in it as well. Principal can be withdrawn at any time
2024-12-20 18:18:08
2
Jr72 :
Rule of 55
2024-12-20 19:54:29
11
namewhat12345 :
I can see why ChatGPT can take is job.
2024-12-21 11:54:10
0
Zuley :
Nada 😏
2024-12-23 22:40:00
0
Rajkumar Krishnan :
I am no more with the employer after 10 years. How can i draw money from that previous 401k ?
2024-12-21 04:09:39
0
nohorizon :
but the taxes are horrible
2024-12-21 22:26:54
0
tragearheart :
If I lose my job at 56 can I withdrawal without penalty
2024-12-20 22:17:47
3
Lancer777 :
What about “55 and out”?
2024-12-21 05:12:56
5
user7205192463027 :
haha
2024-12-21 20:38:17
0
acre444 :
at 55 you can take some out tax free correct?
2024-12-21 15:51:42
7
Black Diamond Gem :
You can easily google this! You should ask difficult questions such as how to rollover old 401k to Roth IRA, etc.
2024-12-21 18:36:22
10
lonestarkid1 :
So if you start withdrawing after 59 years of age you pay 0 taxes ?
2024-12-20 21:54:15
3
imericka99 :
Definitely check your plan. My company’s plan allows for withdrawals at age 55 with no penalty.
2024-12-23 10:34:29
2
June :
I am 63 and withdrawal money and I pay taxes on them.
2024-12-21 13:56:48
2
Newton Singh :
the what now
2024-12-21 23:40:09
0
drinkmorewine0 :
how much
2024-12-21 16:55:07
0
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