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 Plans 1 and 2 Withdrawal of Retirement Contributions 2020-2025

Empowermyretirement Com 2020-2025 Form

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leave your money in your 401k take your money out of your 401k let's talk about it hello everybody joe orbit coming at you and today we are going to discuss your 401k now as always when i say 401k i can also be talking about a 401a or a 403b or a 457 plan or a simple ira or a separate we're basically discussing your qualified retirement plan meaning your retirement plan you have at work so does it make sense to leave the money in the plan now there's typically two times that you can remove the money from your plan number one is if you leave your place of work so you're no longer work there or you're retired then you have the opportunity if you so desire to roll the money out of that plan the second time you have that you can take the money out of the plan is when you achieve age 59 and a half because if you've watched my other videos if you haven't watched my videos on iras make sure you watch that one we know that when you defer

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