Can you withdraw from fidelity 401k

Once you are six months away from your 60th birthday, you can begin making withdrawals from your Fidelity 401k without having to worry about any additional tax penalties. Your 401k is now money that’s there for you to start preparing for the next stage of your life as you put the finishing touches on your career and prepare to start drawing Social Security benefits.

An early withdrawal from your 401 (k) can only qualify as a hardship withdrawal if it’s limited to the amount necessary to satisfy an …

How To Make a Fidelity 401k Withdrawal (Avoid Penalty)

Official Site: https://www.gobankingrates.com/retirement/401k/fidelity-401k-withdrawal/

If you resign or get fired, you can withdraw the money in your account, but again, there are penalties for doing so that should cause you to reconsider. You will be subject to 10% early withdrawal penalty and the money will be taxed as regular income. Also, your employer must withhold 20% of the amount you cash out for tax purposes.

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How to Withdraw Your Money on Fidelity Video Answer

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