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Asked 5/16/2010
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70 yo at start of withdrawl My previous question was wrong. If I start withdrawl from my 401k at age 70, assuming 3% return, how much can I withdraw yearly (%) to end up with $0.00 at age 95? |
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I still owe about $7000 on a 401k loan. i'm 60 now and want to start withdrawing from my account. can i use a portion of the withdrawl to pay off the remainder of the loan?
Is this legal?
Is there special tax exempeions if using the withdrawl for down payment on house?
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Can a portion of 401k withdrawl be used to payoff a 401k loan? I still owe about $7000 on a 401k loan. i'm 60 now and want to start withdrawing from... |
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Is this legal? |
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