when can you start to take in service withdrawals 
you can begin taking in service withdrawals from a retirement account if you are still employed at age 59 if you take it out sooner you will be subject to a 10 early withdrawal penalty in addition to any deferred taxes due can you contribute to a retirement plan if you are also taking in service withdrawals yes you can as long as you do not contribute more than the annual limit not counting any withdrawals note however that withdrawals are subject to income tax in general this strategy while allowable may not make much sense the bottom lineseveral types of employer sponsored plans allow in service withdrawals depending on the plan s rules and how the plan is structured there may be various limitations or qualifications on when or how such withdrawals can be made if you can find the documentation your plan administrator s firm should spell out the types and treatment of each eligible in service distribution in what is called the summary plan description or the plan document itself tax information may not be specified there since specific tax details are set by the irs 