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Cash out of 401K plan?
Is is true if you are 55 and older and you leave, quit or are terminated at the employment of your 401K plan, you are not subject to the 10% penalty tax? Many people are not aware that this is in fact law. Any one else care to comment on this?
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- 1 decade agoFavorite Answer
That is 59.5 yrs.. not 55...and it is under certain limited circumstances...
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