I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?Many individuals face penalties for early withdrawals from 401(k)s, but the rule of 55 may allow penalty-free access under certain conditions.
I want to retire at 55 but does that mean I have to leave a balance in my 401(k) until I'm 59.5?Understanding the penalty rules for early 401(k) withdrawals is crucial, especially the rule of 55 that permits access at age 55.
I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?Many individuals face penalties for early withdrawals from 401(k)s, but the rule of 55 may allow penalty-free access under certain conditions.
I want to retire at 55 but does that mean I have to leave a balance in my 401(k) until I'm 59.5?Understanding the penalty rules for early 401(k) withdrawals is crucial, especially the rule of 55 that permits access at age 55.
I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?Having $4 million in retirement savings places you in a favorable position for early retirement, despite potential withdrawal penalties.