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Non-Tech : The Critical Investing Workshop
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To: DownSouth who wrote (1229)1/25/2000 12:58:00 AM
From: H Peterson  Read Replies (1) of 35685
 
DownSouth...I can't agree totally with your comment.

HP, be careful. You can't roll your 401(k) into an IRA or a new employer's 401(k) until you leave your employer.

My Manual says the following:

Distributions During Employment

Upon attainment of age 59 1/2, benefits attributable to Employer contributions, allocated to your account in excess of two years, are available for withdrawal if you are 100% vested in those benefits.

If applicable, benefits attributable to your Voluntary Contributions under the plan plus any rollovers are available for withdrawal upon request to the Plan Administrator. Transfer Contributions may be withdrawn only if they originate from plans meeting certain safe harbor provisions.

DownSouth, I think the key here is that I have to wait until 59 1/2. I could then continue to work until 62 if I so choose.

I could take this to PM but thought there might be some other people that might be in this same situation and could learn something about 401K possibilities.

HP
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