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Age 55 rule relative to retiring at 50

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ByMichaelT

L1: Age 55 rule relative to retiring at 50In 2000 I retired at age 50. I have not touched my 401k but plan to shortly. If I wait until I’m 55 next yearwill I able to take penalty free withdrawals? I was under the impression that I needed to be over 55 years old at the actual time of retirement to be eligible.2005-09-17 11:34, By: michaelt, IP: [152.163.100.202]
L2: Age 55 rule relative to retiring at 50Hello Michael:
Short answer; no. Your impression is clsoe to correct;one must attain the age of 55 or greater in the year of separation from their employer.
TheBadger
wjstecker@wispertel.net
2005-09-17 14:53, By: TheBadger, IP: [66.250.23.21]

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