Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Can you get your 401k now? In most cases the answer is yes, but the question is should you? Cashing in your 401k plan prior to age 591/2 (unless you take a series of annuity like payments) subjects you to a 10% penalty along with making any funds taxable as income.
The other thing to think about with a question like this is if you cash out your retirement early, what will you have later?
.JPG){kind=avatar}
The other thing to think about with a question like this is if you cash out your retirement early, what will you have later?