Advice if Returning a Newly Purchased Vehicle

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Bill's Answer
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  • BA
    Mar, 2009
    Bill
    Your husband can make a withdrawal from his 401k without any penalty as he is over 59 & 1/2 years old. You will have to pay the normal income taxes on it though.
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  • 35x35
    Mar, 2009
    sharon
    my husband is 60 yrs of age. he has been out of work 1 yr and i do not see him returning to work. he has a 401k and i want to know can he take out the money without any penalty. we would use it to pay all bills and daily expenses. it is not a lot but would help since i am working 2 jobs 7 days a week
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