No. of Recommendations: 3
There's a general rule that allows people to withdraw from an employer sponsored retirement plan without penalty if they separate from service from that employer in or after the year they turn 55

BIG Caveat!!! The employer's plan must also allow this. And the employer's plan MAY require that distributions be taken out in a specific way, like having quarterly withdrawals set up for x number of years. So be sure that your employer's plan will allow you to take withdrawals in the way that you want before you actually retire, if you plan to do this.

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