What is The Rule Of 55 and How Can You Use It to Save Money?
What is The Rule of 55 and how can you use it in your retirement plan? These are the questions we answer in this video.
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Timestamps:
00:00 What is the rule of 55?
00:39 Be careful of moving full 401(k) to IRA
02:07 Be aware that 401(k) companies may not be familiar with the rule of 55
03:23 The rule of 55 is beneficial if you need a lump sum in early retirement
03:46 The rule of 55 is beneficial when Roth converting
#retirement #retirementplanning #theruleof55
Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, financial, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is an Ohio based registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.
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