Hi People.
I'm 55, my wife is 51, we have two kids in college (Junior, Freshman), and we live in California. I'd like to retire ASAP. I'm confident we have college taken care of. We have appx $1.1 mil, split evenly between IRA and 401k.
We plan to sell our house and buy for cash (in AZ), so no mortgage.
Our two main concerns are:
- I have read I can draw from my 401k after I leave work at 55, penalty-free. Are there any limitations beyond that?
- Obtaining medical/dental/vision insurance. Would prefer Hi deductible/Low premium, similar to the HSA I currently have at work. How best to shop these plans?
Thanks for any help - looking forward to reading and contributing here.
I'm 55, my wife is 51, we have two kids in college (Junior, Freshman), and we live in California. I'd like to retire ASAP. I'm confident we have college taken care of. We have appx $1.1 mil, split evenly between IRA and 401k.
We plan to sell our house and buy for cash (in AZ), so no mortgage.
Our two main concerns are:
- I have read I can draw from my 401k after I leave work at 55, penalty-free. Are there any limitations beyond that?
- Obtaining medical/dental/vision insurance. Would prefer Hi deductible/Low premium, similar to the HSA I currently have at work. How best to shop these plans?
Thanks for any help - looking forward to reading and contributing here.