Author Topic: 401k and early retirement  (Read 1800 times)

leonard

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401k and early retirement
« on: February 05, 2014, 12:31:13 PM »
Hey all,

New to the forum here. Hi!

I have a question about 401k. So obviously 401k is probably the best way to save for retirement (especially if your employer matches contributions), but how does it figure into the early retirement situation if one cannot withdraw from the 401k until age 59.5? It seems like with this limitation it might not be the best option for those striving for early retirement? If I retire as late as say 50, that still leaves 9.5 years until I can touch that money. What are you all on the forum doing in regards to this??


thanks!

dandarc

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Re: 401k and early retirement
« Reply #1 on: February 05, 2014, 03:35:10 PM »
Search for SEPP and the Roth Pipeline on this site - your 401K is not as "untouchable" as you might think before 59.5.

Eric

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justchristine

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Re: 401k and early retirement
« Reply #3 on: February 05, 2014, 04:10:32 PM »
Maybe we need a sticky with those links since this is such a common newcomer question.

leonard

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Re: 401k and early retirement
« Reply #4 on: February 05, 2014, 10:10:24 PM »
Awesome!  Thanks guys... exactly what i was looking for.