[WKL815]

I work in the financial services industry and have had to answer this question for clients. I have been told that it is the day after the 6th month anniversary of your birthday. Not the day of. So if you were born 1/1, you could withdrawal 7/2 without the 10% penalty. Be sure to inquire if your employer 401(k) allows for in-service withdrawals if you are still employed with the company who’s sponsoring the 401(k)you want to withdrawal from. I also heard that if you retire from the company maintaining your 401(k) and you keep the funds at the 401(k), then you can make withdrawals after age 55 without the penalty...and this is separate from a 72T.

[pfflier]

Thanks!

[VastRWCon]

WKL815, could you post this same response with a real birthday so people have a good example of what your talking about. 1/1 is well nobody was born on 1/1 try it with 4/27 or 10/05 so it’s clearer, 1/1 is the first of the month and makes it confusing to I bet many people reading this post.

Thanks, and great job on the reply, not dissing it, just helping others to understand more clearly.

Thanks.