InvestorsHub Logo
Followers 10
Posts 316
Boards Moderated 1
Alias Born 08/14/2012

Re: BurntToast post# 519824

Thursday, 04/18/2019 12:35:21 AM

Thursday, April 18, 2019 12:35:21 AM

Post# of 797309

Looking forward to that 59 1/2



You don't have to wait till 59 1/2 to utilize your 401k. You can make use of IRS rule 72t, which allows you to withdraw from your 401k/IRA penalty free. I'm 46 yrs old and I've been doing it for the last 5 years thanks to FnF

Here is an article and website with some good info about it.

https://72t.net/

https://www.forbes.com/sites/advisor/2012/02/13/the-72t-early-distribution-from-your-ira/#2a85569b2068

It isn't that hard to set up but I would still get a tax professional to guide you through the process.