Average 401(k) Balance by Age (2023 Edition)
Money Guy Show
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401k Loans: What You Need to Know
If you are employed with your employer in the year that you turn 55 and you still have 401k dollars, you can actually begin taking distributions from your 401k at age 55 without having to pay early withdrawal penalties. The rule of 55 is something I think that's kind of exciting. So when you do think about your retirement dates and you're trying to side to our tire at 54, 55 or 53 or 56, this needs to come into consideration.
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