24/7 Wall St. on MSN

The “rule of 55”: Quit your job at the right age and raid your 401(k) penalty-free

Quick ReadLeave your job at 55 or later and the IRS waives the 10% early withdrawal penalty on that employer's 401(k).Rolling ...

A retiree saved $24K with the rule of 55 — a 401(k) tax break that most Americans don't know exists. How to take advantage of this unknown rule

Older Americans typically can't make tax-free withdrawals until they reach 59 ½, but this rule waives the 10% penalty.
24/7 Wall St

Rule of 55: How Doctors With $1.6 Million 401(k)s Avoid the Penalty Trap

The IRS Rule of 55 eliminates the 10% early withdrawal penalty on 401(k)s for workers who separate from service in the year they turn 55. Rolling a 401(k) into an IRA immediately kills Rule of 55 ...

He Retired at 55 With $1.2 Million in His 401(k). One Routine Paperwork Move Would Have Locked It All Up for Years

Rolling a 401(k) into an IRA feels like a routine retirement move, but for anyone planning to retire at 55, that single form ...

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

There are often penalties attached to taking early withdrawals from retirement accounts, but there are also some exceptions.

Want to Retire Early? These IRS Rules Could Let You Access Your 401(k) Years Ahead of Schedule—Without Penalties

The 72(t) exception and Rule of 55 can help you access retirement funds early without penalties. Learn about eligibility, restrictions, and expert tips for effective retirement planning.