Savings and Investments

Investing For Retirement

When can I begin withdrawing money from my 401k?

You may begin withdrawing from your account by April 1 of the calendar year after turning age 70 ½ or April 1 of the calendar year after retiring, whichever is later.

You should always try to keep your nest eggs safe and not access money that you should be saving for a rainy day. Once you turn 70 and one half years old—or April 1 of the year after you retire—you can start withdrawing money from your 401k without a penalty.

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