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Withdrawing from your 401k without the 10% penalty in the IRS Rule of 55.
In today's Better Wealth Breakdown, Dan and I talk about the IRS Rule of 55 which states after you turn 55 and up to 59 years old you can withdraw money from your 401k or 403b if you are laid off, fired, or quit your job without the 10% penalty. Listen as we break down the catches, restrictions, benefits, options, and possibilities. We are not giving investment advice please be sure to consult your investment advisor or your tax professions.
For more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
#BetterWealth
📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity
📕 The And Asset Book: https://bttr.ly/book
💸 BetterWealth Quiz: https://bttr.ly/quiz
👪 AndAsset.com: https://bttr.ly/andasset
🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube
🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor
4.9
242242 ratings
Withdrawing from your 401k without the 10% penalty in the IRS Rule of 55.
In today's Better Wealth Breakdown, Dan and I talk about the IRS Rule of 55 which states after you turn 55 and up to 59 years old you can withdraw money from your 401k or 403b if you are laid off, fired, or quit your job without the 10% penalty. Listen as we break down the catches, restrictions, benefits, options, and possibilities. We are not giving investment advice please be sure to consult your investment advisor or your tax professions.
For more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
#BetterWealth
📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity
📕 The And Asset Book: https://bttr.ly/book
💸 BetterWealth Quiz: https://bttr.ly/quiz
👪 AndAsset.com: https://bttr.ly/andasset
🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube
🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor
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