Comment on Early retirement? Rule 72t distribution can minimize some tax pain

Early retirement? Rule 72t distribution can minimize some tax pain

Q: I want to retire at 56 and live off my 401(k) savings until Social Security at 62. I can take from my 401(k) without the tax penalty since I’ll be over 55, but I have to take it out all at once and pay all the taxes. If I roll it over to an IRA, can I take withdrawals from it without penalties...

 

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