New York State - Under federal law, you may not receive distributions from your 401(k) before:
- You reach age 59 1/2.
- You retire, die, become disabled, or separate from service.
- You experience a serious financial hardship.
- Your plan is terminated.
If you meet the above qualifications - you would not be subject to a penalty but would pay taxes on contributions and earnings.
Are you looking to make the most of your 401k plan, but don't know where to start? TheAdviser.com specializes in helping individuals navigate the complexities of retirement planning. Whether you're changing jobs and need to rollover your 401k to an IRA or Roth IRA, or you're simply looking for a portfolio review, our team of FEE-ONLY financial advisers has the expertise to help you reach their goals. With a free consultation available by clicking here, there's no risk in reaching out to us to learn more about how we can help you create a secure financial future. Contact us today to schedule your consultation and start planning for the future you deserve. Alternately, you can visit 1800ADVISER.COM to browse biographies of FEE-ONLY advisers in our network and choose one or more that best fits your needs.
________________
About Us
Founded in 1998, The Independent Adviser Corporation has assisted thousands of individuals, families, and businesses. We are 100% independent and objective and offer free private consultations to our clients. Our company publishes free investment research and educational materials, and when specific financial or legal advice is needed, we connect clients with a network of FEE-ONLY professionals. For more information, become a member or to schedule a free consultation, please visit our website at TheAdviser.com or 1800ADVISER.COM.