Topic

Rule Of 55

2 articles

Withdrawing Retirement Money Before 59½: Penalties, Exceptions, Options

Taking money out of a 401(k) or IRA before age 59½ usually means income tax plus a 10% additional tax. But the tax code has more exceptions than most savers realize, from the rule of 55 to substantially equal payments. Here is how early withdrawals work and what to check before you take one.

October 20, 2026 7 min read

Retirement

Leaving a Job? Your 401(k) Options: Leave It, Roll It Over or Cash Out

When you leave an employer, your 401(k) does not have to follow a default path. This guide compares leaving the money in the old plan, moving it to a new plan, rolling it into an IRA and cashing out, with the tax rules on withholding, the 60-day window, early-withdrawal penalties and company stock.

October 19, 2026 6 min read