Can You Withdraw From A Retirement Plan?

1. 

   0 POINTS

   

   Contact David Racich Contact David Racich by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   David RacichPRO

   Fountain Hills, Arizona

   The operative word is this question is "withdraw," which could trigger an ordinary income taxable event and an additional 10% penalty before 59 1/2 if you have a qualified plan. Some qualified plans allow participants to borrow money from their plans with an interest charge and a payback schedule.

   Answered on July 21, 2013

   +0

   1 0

   +1 this answer

   flag this answer

   view more answers by David Racich
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.