[Ray]

It’s already taxed money.

[Chet]

It depends on your age. If you are 59.5 years old or older, yes. If not, then no, a withdrawal results in a 10% penalty. If you would like for that money to be available to you before 59.5, then I would consider a standard brokerage account.

[Sean]

That’s not really how it works. Are you rolling it over from a Roth 401k? Either way unless your at retirement age, you can’t just pull it out penalty free.

[Jule]

A rollover IRA means you are bringing the money from a 401K. Both accounts require for you to be 59.5 years old at minimum to withdraw penalty free.

[Steve]

You put 401k money from previous employers into a rollover IRA. You put taxed money into a different account, like a brokerage account.

Invest with a brokerage account and enjoy your money when you want.

[Author]

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