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roamer65

(37,974 posts)

4. The Feds really need to drop that 10 pct penalty on 401k withdrawl from 59 1/2 to 55 yrs old.

Reply to BWdem4life (Original post)

Wed Apr 19, 2023, 11:45 PM

Apr 2023

Regardless of employment status.

If you are forced into contract work after 55, you should be able to access ALL of your 401k’s penalty free.

Speaking of regressive…

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Self-employed? The less you make, the MORE they take in taxes. [View all] BWdem4life Apr 2023 OP

I think your chart is off. Ms. Toad Apr 2023 #1

No. Not off. Don't tell a long-time tax preparer their numbers are off BWdem4life Apr 2023 #2

Tax credits are a different issue than taxes, Ms. Toad Apr 2023 #3

The Feds really need to drop that 10 pct penalty on 401k withdrawl from 59 1/2 to 55 yrs old. roamer65 Apr 2023 #4