How can you get money out of your 401 k?

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1091325

2026-03-14 13:10

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You can withdraw money from your 401(k) by taking a distribution, which may be subject to taxes and penalties if you're under age 59½. Alternatively, you can take a loan against your 401(k) balance if your plan allows it, which you will need to repay with interest. Another option is to roll over your 401(k) into an IRA, from which you can withdraw funds, though this also has tax implications. Always consult a financial advisor before making decisions to understand the consequences.

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