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U.S. News & World Report · Apr 13, 2022

How to Use the Rule of 55 to Take Early 401(k) Withdrawals

One exception to the 401(k) early withdrawal penalty is known as the rule of 55, and it can allow you to take distributions from your 401(k) or 403(b) without having to pay a penalty. To use the ...

Business Insider · Sep 12, 2024

Understanding the rule of 55: A comprehensive guide to early retirement

The rule of 55 allows those 55 or older to withdraw from their 401(k) early without penalty. It applies to your current workplace retirement plan, but you are still subject to income tax.

First for Women on MSN.com · 12d

401(k) Withdrawal Rules: What Experts Want You to Know Now

Retirement savings plans like 401(k) accounts are designed to help you save for retirement and support you financially after you stop working. Unfortunately, there may be circumstances when you need to withdraw from your account early-or in some cases,

MSN · Dec 7, 2024

The Rule of 55: One Way to Fund Early Retirement

Here’s how it works — and how it could help fund an early retirement. The rule of 55 is an IRS provision that allows you to withdraw money from your 401(k) or other qualified retirement plan ...

Investopedia · Aug 13, 2015

How to Withdraw From a 401(k) Without Penalty

The Rule of 55 If an individual loses their job or retires when they're age 55 but not yet 59½, they might be able to take distributions from their 401(k) without the 10% early withdrawal penalty.

Yahoo Finance · 13d

401(k) Withdrawal Rules: What Experts Want You to Know Now

Retirement savings plans like 401(k ... If you leave your job at age 55 or older, you can withdraw without penalty. “This opportunity can be most useful when a person retires before age 59 ...