Need help planning your retirement?
Considering an early retirement but concerned about penalties for accessing retirement accounts before age 59 ½? There are two IRS-approved strategies that may offer a solution. In this video, we’ll explore Section 72(t), which allows for Substantially Equal Periodic Payments (SEPP) regardless of age, and the Rule of 55, which permits penalty-free withdrawals from a 401(k) if you’ve separated from your employer at age 55 or older. In this video, Kyle Nickerson, CFP®, CIMA® explains how each option works, when they apply, and how to evaluate which one might be right for your situation.
Need help planning your retirement?
Considering an early retirement but concerned about penalties for accessing retirement accounts before age 59 ½? There are two IRS-approved strategies that may offer a solution. In this video, we’ll explore Section 72(t), which allows for Substantially Equal Periodic Payments (SEPP) regardless of age, and the Rule of 55, which permits penalty-free withdrawals from a 401(k) if you’ve separated from your employer at age 55 or older. In this video, Kyle Nickerson, CFP®, CIMA® explains how each option works, when they apply, and how to evaluate which one might be right for your situation.
