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Edited 4h ago by gumby
@21savage said ↗Aye so what's the deal with this 401k shit. I just checked it says I have 44k. Is that good or bad? And when can I touch it?If you are separated feom your employer and leave the money in the 401k plan you cant take money out at the 55 without the 10% penalty. Otherwise you have to be 5949 and a half.Keep working, keep saving. We get a dollar raise August 1st. That would be a good time to turn up your 401k.
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Before
Aye so what's the deal with this 401k shit. I just checked it says I have 44k. Is that good or bad? And when can I touch it?

If you are separated feom your employer and leave the money in the 401k plan you cant take money out at the 55 without the 10% penalty.

Otherwise you have to be 49 and a half.


Keep working, keep saving. We get a dollar raise August 1st. That would be a good time to turn up your 401k.

After
Aye so what's the deal with this 401k shit. I just checked it says I have 44k. Is that good or bad? And when can I touch it?

If you are separated feom your employer and leave the money in the 401k plan you cant take money out at the 55 without the 10% penalty.

Otherwise you have to be 59 and a half.


Keep working, keep saving. We get a dollar raise August 1st. That would be a good time to turn up your 401k.