Lisa Smith 🛵
Region: US
Tuesday 14 July 2026 21:32:00 GMT
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Steve Piakis :
I don’t believe you have to leave your employer, the Calendar year U-turn 55 you just need to be 55 or older. Or wait till 59 1/2 without having to roll over.
2026-07-14 22:01:53
12
user2182709668941 :
401ks are a racket!
2026-07-15 19:58:44
1
Marc :
Do NOT rollover a previous employer 401k into current employer 401k. company sponsored has managing fees n limitations! Get it out of previous employer rollover into your own brokerage account.
2026-07-21 13:59:42
0
Tiger :
That's for butchering it. You don't have to leave in the year you turn 55. That would make NO sense.
2026-07-15 02:13:58
10
user9186685289784 :
Retired at 55 never looked back
2026-07-16 23:48:02
7
James :
you still have to pay taxes on it
2026-07-15 14:30:35
2
5MinCrossCheck :
yiu do not have to leave your job in the year you turn 55 ... its at any point after that
2026-07-15 14:57:32
3
Tee :
Is it better to combine your old 401(k) into your current plan?
2026-07-15 21:13:02
2
tokkedoff :
You do NOT have to leave your employer the year that you turn 55. You can leave that year or ANY year after that and receive that employer's 401k without the 10% penalty. You WILL have to pay taxes on the gains if you withdraw before 59 1/2. Even Roth 401K.
2026-07-20 10:36:18
1
Gabr68 :
wow I took 120k to buy a house 20 down payment. I paid 16k at front tax and irs gave me 6k state penalty and 39k penalty on federal. After asking for payment plan I can barely make payment now. They bankrupt me and my 401k is ruined
2026-07-18 20:08:34
2
Tik Tok Toe :
What she is saying isn’t true. The company has to agree to this. Which is rare.
2026-07-15 18:17:17
5
RdWngs2024 :
why should we ever get penalized for taking out our own money? that's because the states make money off your retirement. they spend your money and pay it back(sometimes).
2026-07-20 00:34:26
1
Jose Saavedra :
Can I access my pension penalty free at 55 with a medical separation?
2026-07-20 02:11:24
1
DadBod1869 :
I’ve accessed it to pay tuition lol
2026-07-20 23:28:53
1
For Fun :
5 months 👍
2026-07-19 19:59:11
1
flowersandchainsaws :
False.
2026-07-17 12:04:52
1
Stephanie :
Do Roth
2026-07-16 02:30:35
2
Tiger :
The Rule of 55 allows you to take penalty-free withdrawals from your current employer's 401(k) or 403(b). To qualify, you must leave that job in or after the year you turn 55
2026-07-15 02:14:02
10
BS :
You don’t have FULL access. Only a minimal % with VERY specific requirements.
2026-07-19 23:08:43
1
Carter’s :
Or hear me out they could lower the amount of contributions possible to a 401(k), but make them tax-free if you wait until 60 to draw from them… so lower the max contribution to 9k all pre tax kind you straight from payroll hell that would be cheaper than the current 401k system for employers… way cheaper than pensions… still allow Roth IRA’s and if people a disciplined and contribute to both, they could easily retire millionaires I’m talking to you, ladies stop spending on stupid things
2026-07-15 00:52:22
1
shanalovesnova :
WHYYY, do they push 401k down our throats???? They never tell us you will be taxed 20% once you take YOUR MONEY from this account. Once you turn retirement age .🙄. Leave you IRA acct alone. There is NO tax deduction and NO penalties
2026-07-19 02:47:22
1
80sMusicSean :
I left my job of 26 years at 55 and started a new job. My current university uses the same TIAA my last university uses. Rolling from TIAA to TIAA and the same options doesn't make sense,
2026-07-18 07:57:32
1
Scott Carmichael :
And wait till 55
2026-07-16 04:45:23
1
raysurprenant :
In California?
2026-07-16 05:44:41
1
adamsal1207 :
I thought you could not access your money until 60 year old.
2026-07-15 23:59:18
1
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