Rule of 55
Hello,
For the Rule of 55 that applies to penalty free withdrawals from 401ks…..In order to qualify, must the employee actually be 55 when they separate service? Or could they separate from service before age 55 as long as they will be turning age 55 later that same year of separation?
Thank you.
Submitted by Kevin O'Hearn on Thu, 2024-03-07 16:33