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If you are leaving the workforce, there may be options you need to consider.
Age 55 is when your 401k may provide for a retirement distribution without imposing a 10% federal penalty for early withdrawal. There are income restrictions, but there is flexibility here for individuals retiring at younger ages.
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
We would love to answer your questions on air!
Give us a call at 800-928-4001 or send them to [email protected]
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By Joe Clark
5
11 ratings
Age 55 is when your 401k may provide for a retirement distribution without imposing a 10% federal penalty for early withdrawal. There are income restrictions, but there is flexibility here for individuals retiring at younger ages.
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
We would love to answer your questions on air!
Give us a call at 800-928-4001 or send them to [email protected]
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