ST Alpha - "but if you roll it into a 401k, doesn't that just count as a normal contribution that you can then withdraw penalty free? -- nm" (Reading a Post)

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In response to "Am I crazy to consider taking the penalty and withdrawing an old small retirement account?" by Dano

but if you roll it into a 401k, doesn't that just count as a normal contribution that you can then withdraw penalty free? -- nm

Posted by mr mooch (aka pickmix) Oct 7 '24, 13:26

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Responses:

I didn’t think I could withdraw from a 401k without penalty until I got older. -- nm - Dano Oct 7, 13:29 4
- 59 1/ 2 is the cutoff for the 10% penalty - decline Oct 7, 13:43
- i thought the rules were looser than for IRAs but maybe not -- nm - mr mooch Oct 7, 13:31 2
  - 457b you can withdraw w/o penalty I think. 403b no. -- nm - ☀️ amandachem ☀️ Oct 7, 13:34
  - Nope. Still a mega penalty. -- nm - Dark Callisto 🦊 Oct 7, 13:32

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