Just to highlight one point in the above
 Quote:
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you can withdraw from a 401k with no penalties if you retire after age 55
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Retire after age 55 is very much key here. The early withdrawals after age 55 only apply if you retire after 55. If you retire at age 54 or earlier, you cannot start withdrawals at age 55.
Since earlyout was 57, I didn't highlight that earlier; I'm just adding it now for other readers.
Wayne
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