Can You Avoid the Ten % Early Withdrawal Penalty?

If you work for an employer in the halve, i'll use tha four monquet as an example. In the year you turn 55 or older, you will be able to make penalty free withdrawals om that plan from that point forward. If you're under 59 and a half, definitely, definitely consider the rule of 55. Current interest rates are jokingly small. You're going to get half %, maybe close to one % if you're lucky. But generally speaking, the interest is going to be much closer to zero than is can be up to one%. Some employer plans have what's called a stable value fund,. Its similar to a savings account but with higher interest rates. Whatever