I Was Forced To Retire At 58, Can I Recive Monthly Payments From My 401K To Pay My Mortgage With Taxes And Insurances For A Set Amount Of Time?

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Pepper Williams Profile
Pepper Williams answered
Thank you, I have found no penalty if older than 55 and retired. Only if you are still working and not 59 1/2.
Anonymous Profile
Anonymous answered
You should contact your local social security office and see if you can recieve supplemental security income (ssi) until you are of the age for your 401k. This will save the penalty of early withdraw that some programs have.

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Anonymous