Can a 401(K) withdrawl occur without penalty? – Thehour.com

Can a 401(K) withdrawl occur without penalty?
Thehour.com
Marilyn, age 55, has been downsized. She wants to know: Can she take money out of her 401(k) when she leaves her job? And can she take money out of her IRA? Marilyn's 401(k) plan allows her to take her money out when she leaves her company.

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