Even in the case of the recent stimulus package, which relieves Americans of the penalty fee when withdrawing from their 401(k), there are still taxes that will be applied. "Many of us have already seen a significant drop in our 401(k), and taking money out — even without the penalty...
Well, if that was your answer, you are probably in the majority. That’s the general overall rule regarding withdrawal of IRA and 401(k) money. And definitely, you should be able to withdraw money from your account after that age without penalty (unless it’s in a 401(k), you’re s...