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(Never mind that people throughout history have found love this way, penalty free).
(For more on when you can and can't get at your 401(k) money penalty free, click here).
By contrast, individual retirement accounts can't be transferred tax or penalty free as part of a divorce. 5.
You can withdraw your original contributions to a Roth tax free and penalty free at any time (although doing so is not recommended).
For example, you can take money for higher-education expenses penalty free from an IRA, but not from a 401(k).
If you retire early, you can start withdrawing 401(k) money, penalty free, at 55; with an IRA, the normal age is 591/2.
Similar(48)
Say you took a $200,000 IRA distribution in 1996, when the penalty- free limit was $155,000.
Otherwise the regions were death penalty-free in 2013.
Countryman Ian Borrows earned a spot in the semis with a penalty-free heat.
Axa has been allowing existing policy holders to switch, penalty-free.
But the feeling doesn't really come from nostalgia for a time when promiscuity and drug use seemed penalty-free.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com