401K and 72t
I've been searching the archives, but haven't found an answer to my question, which is this:
Thanks to this fourm, I know if you want to withdraw funds from an IRA before 59 1/2 without penalty, you have to follow the 72t rules.
However, if you withdraw funds from a 401K after you retire from the company sponsoring the 401K and are over 55 but less than 59 1/2, do the 72t rules apply or can you do penalty-free withdrawals in the same way you would if you were 59 1/2?
Thanks in advance.