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Spunkee37 asks:

<<Pixy: Do you have to be 55, what about 56 or 57. What if you retire at 55, keep your money in the employer plan, & then decide you want the money at 58? No dice? Do we actually pay members of Congress to lay awake nights thinking of these convuluted rules?>>

No, you don't have to be exactly 55. All that's required is that you attain that age before you leave the job that has the retirement plan from which you desire to take penalty-free withdrawals. Thus, if you wish to work until 56, 57 or 58, that will have no impact because you have attained the magic retirement age for employer-provided retirement plans as relates to taking the money without penalty.

Actually, Congress pays a guy with green eye shades they keep looked in a windowless closet to come up with the rules.


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