As of 2015, owners of 401(k) retirement plans can withdraw funds without penalty once they are 59 1/2 years old, reports the Internal Revenue Service. Early distributions are subject to penalty taxes unless they qualify ... More »

Participants in 401(k) savings plans are permitted to withdraw some or all of their balance if they meet requirements related to age, ability to work or financial hardship. According to the IRS, administrators of 401(k) ... More »

The rules for a 401(k) withdrawal are available on the website of the Internal Revenue Service. The website lists the three conditions necessary for a person to make withdrawals from a 401(k). More »

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