How To Withdraw Retirement Funds: 401(k) distributions

How do you take money out of your 401(k)? Well. You need to have a qualifying event. This video highlights those qualifying events and has a brief overview of the tax implications of taking money out of your 401(k).


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Obligatory disclaimers:

Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory services offered through Kestra Advisory Services LLC (Kestra AS) an affiliate of KestraIS. Pleasant Wealth, LLC is not affiliated with Kestra IS or Kestra AS.

Anyone considering a 401(k) in-service distribution should refer to the plan document, which specifies whether an in-service distribution provision is available and the conditions under which a participant may take an in-service distribution. It is important to consult IRS guidelines and/or a financial professional prior to initiating an in-service distribution. Certain tax and/or penalties may be levied on the amount withdrawn depending on the specifics of the distribution.


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