The 401k Rule That Lets You Retire at 55 Without Penalty
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The 401k Rule That Lets You Retire at 55 Without Penalty
Most retirees think early withdrawal from a 401k always costs a ten percent penalty. There's an exception almost nobody talks about — the Rule of 55. If you leave your job in or after the year you turn 55, you can pull from that 401k penalty-free. No waiting until 59 and a half. No early withdrawal tax. Just the regular income tax. This ...
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