How to Withdraw Money From Your 401k or 403b Plan Without Penalty

The rule of 55 allows an employee who is laid off, fired, or who has quit a job between the ages of 55 and 59 and a half to pull money out of their 401k or 403b plan without penalty. This applies to workers who leave their job anytime during or after the year of their 55th birthday. The super wealthy who have like teams are kind of taking advantage. You can start withdrawing from these tax advantage accounts that we're building up at 59 and ahalf. And it turns out like there's actually help out there. You just have to find it.