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Withdrawing funds early
Posted: Tue Oct 09, 2018 5:42 am
by TokyoTower
From FIRE bloggers like MadFientist I have heard that there are ways to withdraw funds from a 401k early in the US.
Does anybody know if this is possible with the Ideco?
Re: Withdrawing funds early
Posted: Wed Oct 10, 2018 12:20 am
by RetireJapan
Not that I am aware of. Your heirs can get the contents if you die, but that is about it.
I think this is a feature though, as it guarantees you will have some money for your retirement. Of course, making sure you have an emergency fund and other savings/investments is probably a good idea alongside iDeCo.
Re: Withdrawing funds early
Posted: Wed Oct 10, 2018 8:15 pm
by gerdemb
I believe you can also access the funds early if you are permanently disabled.
Re: Withdrawing funds early
Posted: Wed Oct 10, 2018 11:15 pm
by RetireJapan
gerdemb wrote: ↑Wed Oct 10, 2018 8:15 pm
I believe you can also access the funds early if you are permanently disabled.
You're right! And it seems like it is then completely tax-free:
https://xn--79q87uvkclvgd56ahq5a.net/id ... y-benefit/