Rule of 55 vs 72t

If you are considering an early withdrawal from 401k accounts, or an early withdrawal from IRAs that you own to retire early, you need to have a thorough understanding of the options available to you to access your qualified retirement money without penalty. In this video we will take a look at differences between IRS rule of 55 and rule 72t, or the substantially equal period payments rule, both of which could allow you early access to your retirement funds without the typical 10% penalty. Understanding these rules could be vital to tax efficient retirement planning for 401k early retirement or IRA early retirement. We will also address the questions we’ve received from our earlier videos about these rules, so don’t miss it!

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DISCLAIMER
**Investment advisory services offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
All episodes recorded prior to August 16, 2023 were recorded while we were registered at a previous RIA. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 1116911 - 11/21