 What are some..? |
| ways i can save on insurance? im 16yrs old so i know that alone makes my insurance sky high, but i heard if you have items such as a fire extinguisher in your car, it can save you money on insurance, ... |
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 How do you meet your insurance deductable on a car? |
| How do you meet your insurance deductable? I have no idea what details you need....My husband just wants to know. We got our car broken into the other night and they stole our xbox 360 and the ... |
|
 I was over-reimbursed!!? |
| My private medical insurance co. over-reimbursed my credit card for medical services I received. Then, my credit card company deposited this over-payment into my personal bank account! Now, I am ... |
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 Why is payment protection Insurance not worth the paper its written on? |
| My son had a loan over the phone granted him and was talked into expensive payment protection Insurance. He lost his job (sacked) but could`nt take his boss to tribunal because he hadnt worked with ... |
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 A hospital told me I was fully covered. Now doctor is giving me a bill. What should I do? |
| No one told me the doctor was not on my plan, now I', being charged w/his hugh bill. What recorse do I have? It seems they accepted the $ already sent from my Insurance Co. but they are looking ... |
|
 National Insurance Number? |
| Hello. I was wondering where you get your National Insurance number. I heard that you get your card just before your 16th birthday. Its been over 2 month since my 16th birthday and i still don't ... |
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 Insurance question? I need help? |
| Alright, I went to the doctors the other day, and I got on birth control (im 19) and I am still on my parents insurance. So i want to pay for the birth control out of pocket so that it dosent show up ... |
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 What is a good auto insurance company to apply to for coverage online? |
| very basic individual policy in Florida,with 2nd driver not in household.Both ... |
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 My family has health insurance in Connecticut and I am thinking of switching insurance companies. My son has? |
| mild Hemophelia, my dauhgter had cancer when she was younger and gets a yearly check-up for it. Can We be denied coverage for these pre-existing conditions if we attempt to change insurers?... |
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 Is it legal for my employer to make me take an individual health insurance policy instead of company policy? |
| they want me to pay for my own health insurance and them reimburse me for it. Because they said it is cheaper. Can they do that legally?... |
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 I need a national insurance number? |
| im from czech republic where can i get a n.i. number from?... |
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 Cant let it go, should I sue? |
| My wedding day was on 9/27/08. I designed and set up the church and reception the exact way I had it in my mind since our engagement. The men, the colors , the dresses, flowers, my hair and ... |
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 Should I own my own life insurance policy? |
| Right now, my husband has insured my life and I've insured his, thinking this would eliminate any insurance getting tied up in escrow. Is it the best way, or should I actually be the one ... |
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 In order to qualify for the CHIP health insurance program do my kids need social sec numbers? We have just? |
arrived in the US from the Philippines. My husband works, but at the moment he cannot afford health insurance for us.
Additional Details
I am a citizen paying my due amount in taxes, so I... |
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 My mortgage provider is telling me he legally has to advise me on insurance is this true? |
| I am currently going through the re-mortgage process, my advisor told me he legally has to meet up with me and advise me on buildings and contents and life insurance as per FSA guidelines. I work for ... |
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 Will insurance Co. pay for new roof if they can't match the shingles? |
Area of shingles damaged and can't be matched. Will the Insurance company pay for new roof? The area is about 5" X 3" and on the front slope of the house.
Additional Details... |
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 How do I say no to relative trying to sell me insurance? |
| Relative is trying to sell me insurance and I'm not interested. I want to tell him no without feelings getting hurt. Any suggestions?... |
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cubfans123 | Can I take a withdrawal from my 401(k) plan at age 60 and still work? |
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tigerlilliebuick
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yes but you are penalized for withdrawing from a 401k plan early and it is usually a tidy sum. |
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pob14
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Yes. You can take money without penalty from a 401(k) beginning at age 59 1/2; working or not working has nothing to do with it, unless your particular plan has rules to the contrary.
Note: I am not a tax attorney. Please consult one before relying on halfassed advice from the Internet. :) |
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nmbchicago
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At age 59 1/2 you can withdraw without penalities, however 401K plans are pre-tax and all withdrawals will incur income taxes. If you don't need the money because you are working I suggest you allow it to continue to grow. If you are withdrawing for a business venture you will probably have additional tax write-off anyway. Consult a tax professional. |
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Matt and Diane
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You can withdrawal money from your 401(k) at any time regardless of your work status. The question is really whether you can do it PENALTY FREE or not. After age 59 1/2, you can take distributions penalty free, though you will be taxed according to your income tax bracket on the distributions since they were contributed with before-tax dollars.
Feel free to listen to the very mixed answers above or just go straight to the source, the IRS:
http://www.irs.gov/publications/p590/ch01.html#d0e5343 |
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Steve L
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You can take a withdraw from your 401K after 59 1/2. It doesn't matter if you are working or not. There is no penalty.
Depending on the type of 401k (traditional or roth) will determine if you need to pay taxes on it. A withdraw from a traditional 401K is like getting additional income, and it taxes at your income tax rate. A withdraw from a roth 401k are not taxed. The money was already taxed.
You still should consult your tax adviser because advise from the Internet will not help you during a tax audit. |
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aaron p
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Why are you withdrawing and working at the same time? Do you need the income beyond what you can earn? Do you just want a job to keep you busy in retirement? Are you trying to convert it to non-qual status?
Make sure you have a legitimate plan before you take action. Insurance folks are not the people you want to ask this question to. Talk to an accountant or fee-only adviser. |
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Blicka
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Yes, you can withdraw money while still working but it will be taxed and you will take the extra tax penalties. |
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mbrcatz
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Yes, but you pay 10% penalty on top of income tax, at whatever tax bracket you are, for the early withdrawal. |
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