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 ...

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.

You can withdraw from a 401(k) anytime. But withdrawals before age 59½ can mean a 10% penalty, except for certain emergencies ...

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 ...

Luckily, tax-advantaged retirement plans offer a lesser known option for penalty-free early withdrawals: the rule of 55. The rule of 55 is an IRS guideline that allows you to avoid paying the 10% ...

A lot of people have no choice but to work until their late 60s or even beyond due to a lack of savings. But if you’ve saved ...

The 4% Withdrawal Rule for retirement funds celebrated its 30th anniversary this past October. Financial advice professionals have used it as a benchmark for advising their clients in scheduling ...

403(b) withdrawals are similar to a 401(k), but there are some special rules ... This is commonly referred to as the rule of 55. The biggest caveat is that all funds must remain in the 403 ...