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Hi thank you for this informative video. Question I read somewhere about “age 55 rule “ withdrawal after leaving a company is it true I can withdraw penalty free if I’m 55 but not yet 59.5 ??
The Rule of 55 is an IRS guideline, but I'd suggest reaching out to your tax advisor in this instance. The rules are very specific. You need to make sure you’re following them to the T before you begin taking money out of your retirement account or you may be penalized in the end.
@@DiamondNestEgg thanks for your reply I was just asking not planning on taking anything out of my nest egg and I am aware of most penalties to avoid the IRS/government from taking a penny more
Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. Everyone's financial journey is different. If you wish to set up a consultation call & discuss whether we can help you on an individual basis, please complete the Work With Us form on our website: www.diamondnestegg.com
***GRAB YOUR FREE FINANCIAL GOAL SETTING & BUDGETING TEMPLATE!
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Amazing info! Thank you
Which fund should I be in on a new 401k Roth at age 47? Thanks
Hi thank you for this informative video. Question I read somewhere about “age 55 rule “ withdrawal after leaving a company is it true I can withdraw penalty free if I’m 55 but not yet 59.5 ??
The Rule of 55 is an IRS guideline, but I'd suggest reaching out to your tax advisor in this instance. The rules are very specific. You need to make sure you’re following them to the T before you begin taking money out of your retirement account or you may be penalized in the end.
@@DiamondNestEgg thanks for your reply I was just asking not planning on taking anything out of my nest egg and I am aware of most penalties to avoid the IRS/government from taking a penny more