Originally Posted by dseaney
DW has 403b, anyone know for sure if age 55 rule is same for 403b?
from........403(b)wise : 403(b) FAQs
When can 403(b) money be accessed without penalty?
Generally, penalty-free distribution from a 403(b) cannot occur until the participant:
Reaches age 59 1/2
Separates from service in the year turning 55 (and must be retired)
Retire before age 55 — eligible for Substantially Equal Periodic Payments (SEPP). Participants who have retired early (before age 55), but want access to their 403(b) without penalty can do so using SEPP. This provision requires that you take a series of substantially equal periodic payments. The key is that once you start these payments they must continue for five years or until you reach 59 1/2, whichever takes longer. If you start at age 58 you must continue until you are 63 (minimum 5 years).
Becomes disabled (as defined in section 72(m)(7) of the Internal Revenue Code)
Through a loan (some investment companies allow this, some do not)
Consulting a tax professional before accessing 403(b) money is highly recommended.