At what age can you start cashing your 401K without tax penalties?

Best Answer:

Wayne Z: "Tax" and "Penalties" are two separate things.

Tax – You always pay tax on a withdrawal from pretax 401k account. Always.

Penalties – If you are over 59 1/2 years old, you do not have to pay the 10% penalty.

Other answer:

Wayne Z:
Age 59 1/2
AlCapone:
Never. Since the contributions were made tax-free, it doesn't mean it's tax-free forever. If you withdraw funds, it's taxable. If you reach 70 and one half years old, you MUST start withdrawing and those withdrawings are taxed.
Robt:
Late 60s.
Visit IRS GOV website for actual info free
YYYZZ 2:
At pensionable age, That is what it is for. Not to satisfy a current whim!
Peace.

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