In-Service Withdrawals from 401(k) Plans
You may be familiar with the rules for putting money into a 401(k) plan. But are you familiar with the rules for taking your money out?
Federal law limits the withdrawal options that a 401(k) plan can offer. Your plan may be more restrictive with fewer withdrawal options than the law allows.
The key is understanding the features of your plan.
Let The Higgins Capital Financial Advisors guide you.
Click here to read the entire article.
Here are some issues to consider when thinking of withdrawing from your 401k:
1. First, consider a plan loan
2. Withdrawing your own contributions
3. Withdrawing employer contributions
4. Taxation
5. Rollovers and conversions
6. Be informed
Learn More About 401k Rollovers and IRA Rollovers.
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