Using the Rule of 55 to Take Early 401(k) Withdrawals - SmartAsset
https://smartasset.com/retirement/401k-55-rule
WEBDec 14, 2023 · Employer-sponsored, tax-deferred retirement plans like 401 (k)s and 403 (b)s have rules about when you can access your funds. As a general rule, if you withdraw funds before age 59 ½, you’ll trigger an IRS tax penalty of 10%. The good news is that there’s a way to take your distributions a few years early without incurring this penalty.
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