401(k) withdrawal rules The federal government imposes some restrictions on when you can withdraw money from your 401(k). Generally, you must wait until you're at least age 59½ to access the money without paying a penalty. If you make a withdrawal earlier than that, you may owe a 10...
Remember, you'll have to pay that borrowed money back, plus interest, within 5 years of taking your loan, in most cases. Your plan's rules will also set a maximum number of loans you may have outstanding from your plan. You may also need consent from your spouse/domestic partner to ta...