The Rule of 55: Penalty-free withdrawals from your 401(k) #401k #retirement #ruleof55

Check out the full video for more ways to access your retirement accounts before age 59.5 without paying penalties!

The Rule of 55 applies only to 401(k) & 403(b) plans - not IRAs!

If your 401(k) does not allow partial withdrawals after you leave the employer, you only get 1 shot at a rule of 55 withdrawal. It may make sense to withdraw a chunk and roll the rest over to another retirement account like an IRA, where you can continue to defer taxes.

**This content is educational and not tax, legal, or investment advice**

@SparkWealthAdvisors

Тэги:

#retirement #investing #taxes #401k #rothira #roth_ira #tax_planning #social_security #financial_advisor #cfp

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