Early Retirement Account Withdrawals
“What if I need my retirement money early?”
As a general rule, I recommend that people roll over their 401(k) into an IRA at 59 1/2 or whenever they can; but there are cases in which it may be beneficial to leave the money in the 401(k) or withdraw it early: disability, financial hardship, being called up as a reservist, or even becoming a first-time home buyer or paying for higher education. But a lot of these exceptions need to be used with caution, and that’s what we’re going to spend our time talking about in this show.
We also have several listener questions which are relevant to this topic. Listen in.
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