Re:You've only added two lines – why did that take two days?
by Izkata on Tuesday July 14, 2020 @11:26PM
(#23840924)
A 401k is specifically a retirement account - you pay an extra 10% for withdrawing from it before age 59.5, which should add context to the rest of their paragraph.
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Re:You've only added two lines – why did that take two days?
by T-hawk on Wednesday July 15, 2020 @01:09AM
(#23841574)
Look up the 72(t) rule relating to a 401k. You can retire early and start withdrawals at any age without penalty, as long as you continue the withdrawals for sufficient time (the longer of five years or until age 59.5.) This fixes the "too much in the 401k" situation.