A recently published survey showed that 46% of Americans between the ages of 40 and 49 had taken money out of their retirement plans. One of the advantages of retirement savings plans is that the contributions you make are generally tax-deductible. But on the flip side, those taking distributions will need to pay income tax on those withdrawals, and many will also be subject to a 10% early withdrawal penalty. How can you withdraw from your 401(k) without a penalty ? We’ve come up with nine ways to make this happen. Table of Contents 9 Ways to Withdraw from a 401(k) Without a Penalty 1. Regular Disbursements at Age 59½ or Later 2. Total and Permanent Disability 3. Pursuant to a Qualified Domestic Relations Order (QDRO) 4. Series of Substantially Equal Periodic Payments (SoSEPP) 5. To Pay Unreimbursed Medical Expenses 6. Certain Distributions to Qualified Military Reservists Called to Active Duty 7. Plan-to-Plan Rollovers 8. Separation from Service 9. 401(k) Loan How
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