Every Way to Take Money Out of Your 401k Before 59½ (Penalty FREE)

Want to access your 401(k) before age 60 without paying the 10% penalty?
In this video, I break down the 7 LEGAL ways the IRS allows you to take money out of a 401(k) and how to execute each one step-by-step.

Whether you’re facing a financial emergency, leaving your job, or planning early retirement, this guide gives you everything you need to know.

What You’ll Learn:
How to borrow from your 401(k) with ZERO taxes or penalties
How the Rule of 55 works (and who qualifies)
A little-known IRS loophole called SEPP / 72(t)
What counts as a hardship withdrawal
How medical expenses or disability can waive penalties
How to use the $5,000 birth/adoption exception
The pros, cons, and risks of each method

Timestamps
0:00 — Intro: 7 Methods
0:27 — Method #1
1:12 — How to Execute a 401(k) Loan
1:39 — Method #2
2:40 — How to Set Up SEPP / 72(t)
3:25 — Method #3
5:53 — How to Execute the Rule of 55
4:22 — Method #4
4:53 — How to Execute a Hardship Withdrawal
5:13 — Method #5
5:35 — How to Claim Disability for 401(k) Withdrawals
5:52 — Method #6
6:28 — How to Use the Medical Expense Exception
6:46 — Method #7
7:03 — How to Execute the Birth/Adoption Withdrawal
7:22 — Important Tax Notes
7:48 — Documentation You Must Keep
8:04 — When These Methods Don’t Apply
8:38 — Final Advice + Choosing the Best Option

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).