Im 37 currently in college full time I have not worked since January. I have 2 401k accounts from 2 different companies
Is there a way i can only take out a certain amount instead of the full amount or possibly roll it over into a Roth ira thanks
Im 37 currently in college full time I have not worked since January. I have 2 401k accounts from 2 different companies
Is there a way i can only take out a certain amount instead of the full amount or possibly roll it over into a Roth ira thanks
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You can often (depending on the plan) borrow from your 401K for education expenses, then pay yourself back. That way it won’t incur an early withdrawal penalty.
Oh I thought you wanted the money.
If they want you to take it, you can roll it over into a regular IRA. Not sure about a Roth. Follow whatever rules there are about how quickly you have to put the money in a new account so you don’t get a penalty.