Hello everyone. This is my first post to this board and would like to pose a question regarding early retirement. By early I mean prior to age 55 as this is a goal that I've set for myself and trying to achieve. My question pertains to the funds held in my 401k plan. Is there any way to withdraw those funds if I do in fact reach my goal prior to age 55 without suffering extreme tax penalties, for instance rolling the fund into something else that I could draw income from as needed and pay taxes on the amount withdrawn? It is my understanding that the 401k can be rolled out at age 55 provided that this is done within my 55th year and after my employment terminates. However, I'm really hoping to reach my goal before age 55. Any and all advice would be greatly appreciated.
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