RatherBeFishn
Dryer sheet aficionado
- Joined
- Aug 4, 2004
- Messages
- 28
Is there any alternative to using 72t (SEPP) if you are 55 years old and retired to get $$ out of 401K without paying 10% penalty?
I *think* that they have to let you withdraw your 401(k) at 55 if you've quit. Corporate info will probably emphasize annuity payouts to the point of hiding the option to make withdrawals. Check IRS guidelines if your HR or benefits department tells you otherwise.Is there any alternative to using 72t (SEPP) if you are 55 years old and retired to get $$ out of 401K without paying 10% penalty?