Also, some plans allow a non-hardship withdrawal, but all plans are different, so check with your employer for details. Pros: You're not required to pay back withdrawals of the 401(k) assets. Cons: Hardship wit
You have several options for what to do with old 401(k)s: keeping your money where it is if your plan allows this, rolling it over to an IRA, transferring it to your new 401(k), or taking a withdrawal. Each has its pros and cons, which we cover in our guide to 401(k) ...
59 1/2, disability, and more. For a full list of triggering events see the One-Time Withdrawal —Defined Contribution Retirement Plan form (PDF). A 10% early withdrawal penalty may apply if you are under age 59 1/2 and taking a withdrawal. Required minimum distributions start at age 73...