#57 - 7 Ways to Access Retirement Funds Early Without a Penalty
READ THE TRANSCRIPT
Accessing your retirement funds early doesn’t have to be a costly mistake.
In this episode, I break down seven ways you may be able to withdraw from your retirement savings before age 59½ without facing that dreaded 10% early withdrawal penalty.
Whether you're helping a family member, navigating a crisis, or just need more options, these strategies could offer critical flexibility.
Tune in to learn about:
- The “Rule of 55” and when it applies to 401(k) withdrawals after job separation
- How SEPP (Substantially Equal Periodic Payments) can be used to create penalty-free income streams before 59½
- Why Roth IRA contributions are a valuable option for young savers needing access to funds
- Little-known exceptions like domestic abuse withdrawals and how self-certification simplifies access
- Using inherited IRAs, education expenses, first-time home purchases, and unreimbursed medical costs as legitimate ways to avoid penalties
- And more!
Listen On:
Episode Resources:
Episode Links:
- #39 - Empowering Women through New Beginnings with Shalonda Waggoner
- #48 - How to Pay Taxes in Retirement: What You Need to Know
- #52 - I Have Inherited an IRA—Now What? 5 Steps to Avoid Costly Mistakes
- SECURE Act 2.0 Provision: Distributions to victims of domestic abuse
