Can you take money out of your 401K if still working for employer at age 62?

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1092166

2026-03-21 13:15

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Yes, you can take money out of your 401(k) while still working for your employer at age 62, but it depends on your employer's plan rules. Some plans allow for in-service withdrawals, while others may not. If permitted, you might face taxes and penalties if you withdraw funds before age 59½, unless you qualify for specific exceptions. It's advisable to consult with your plan administrator for details specific to your situation.

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