jimbohoward69
Recycles dryer sheets
- Joined
- Feb 25, 2007
- Messages
- 70
I've seen conflicting information on the interwebs regarding The Rule of 55. Some articles have stated you're only eligible AFTER you turn 55, whereas others have stated IN THE YEAR you turn 55.
My birthday is May 1st. In the year I turn 55 (2025), could I, hypothetically, resign on 01/01/2025, take a withdrawal on Mar 1st, and not be penalized?
More than likely, I wouldn't take a withdrawal during that first year but want to make sure I'm OK for the years I turn 56-59.
My birthday is May 1st. In the year I turn 55 (2025), could I, hypothetically, resign on 01/01/2025, take a withdrawal on Mar 1st, and not be penalized?
More than likely, I wouldn't take a withdrawal during that first year but want to make sure I'm OK for the years I turn 56-59.