i recently retired, this week. I was thinking of rolling my 401k into an IRA so I could get into different funds. I am now in a Fidelity 401k. I just found out about the "Rule of 55". As I understand it I can take out as much as I want from my 401k without penalty. If this is true I was wondering if it would be better to payoff my mortgage, which is at 5.625 interest, or not. It would take all of my 401k fund to do this. Also, would it be better to rollover the 401k or not if I don't payoff the house, or even part of it?