How To Withdraw Money From Ing Retirement Plan?

  1. 475 POINTS
    Barry Cohn
    President, RGEB Employee Benefits, Los Angeles
    Contact ING and request documents to execute to withdraw money from a retirement plan.  It depends if it is an IRA or 401(k) and if you are over 59 1/2 or not.

    If you want to withdraw funds from a 401(k) plan you can only withdraw money that you put it or is vested in a company plan. If you take the money out before you reach retirement age you will pay a penalty of, I believe, 10% and have to pay taxes on the income.
    You may be better served to take a loan out if it is permitted.
    Answered on April 15, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>