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Are There Exceptions To 401(k) Early Withdrawal Penalties?

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Описание к видео Are There Exceptions To 401(k) Early Withdrawal Penalties?

Considering an early withdrawal from your 401(k) and worried about the penalties? This video breaks down the specific circumstances where you might be able to access your retirement funds without incurring the dreaded 10% early withdrawal tax.

Discover how you can potentially tap into your 401(k) early, with key insights into:
► Understanding the standard 10% early withdrawal penalty and when it applies.
► Exploring common exceptions like the Rule of 55 for those separating from service.
► Learning about Substantially Equal Periodic Payments (SEPP) and its requirements.
► Identifying other scenarios such as medical expenses, disability, or qualified disaster distributions.
► Navigating the complexities of early withdrawals to make informed financial decisions.

#401k, #RetirementPlanning, #EarlyWithdrawal, #PersonalFinance, #WealthManagement

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