I heard that if you retire before 67, you won't get 100 % of what YOU put into your 401k.. True?

I have been looking online for more info...can't find any.

links are helpful

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NCCindy · 36-40, F

You mean social security ... you don't get 100% until an age which varies with what year you were born. My Dad is near retirement and it's 66 1/2 for him.

401K is 100% yours, but pre-tax (vs Roth) 401K's are pre tax, so you have to pay tax on what you take out. For Roth 401K's, you pay tax on the money going in and it comes out (after growth) tax free.

iamnikki · 31-35, F

@NCCindy hmm, I could have sworn the guy said 401k, because he was talking about employee matching, then said you wouldnt get 100% of what you, yourself put in until you were 67. Thank you for commenting though🙂

NCCindy · 36-40, F

@iamnikki Only possible thing might be company rules for matching money. But even then, they are not allowed to withhold that for more than 10 years maximum. My company vests that immediately.

And I checked ... for Social Security ... for those of us who are relatively young, you get full social security at age 67. That is what the guy probably meant.

https://www.google.com/search?q=social+security+full+benefit+age&rlz=1C1GCEJ_enUS840US840&oq=social+security+full+benefit+age&aqs=chrome..69i57.5643j0j1&sourceid=chrome&ie=UTF-8

iamnikki · 31-35, F

@NCCindy Thank you. I do need to speak with an advisor at my job. It's difficult because his schedule is the exact same as mine, and he works in a separate building.