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Snapperhead199 OP t1_jaerhra wrote

Reply to comment by avalpert in Rule of 55 question/ clarification by Snapperhead199

My 401k provider representative was unclear we could not find anything in the plan documents that said yeah or no.

My CPA said it was ok. But he said it’s (after you turn 55 , even though IRS.gov says “the year …”

My financial advisor thought I might have to go take one distribution but Was not sure. I’m 3 years away, just making plans , hope to scale back on hours and be closer to home from 55-65 and want to have access to this account if needed without 10% penalty. Thanks for the reply

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avalpert t1_jaes9em wrote

The 401k rep doesn't surprise me - it wouldn't be in the plan document and they can't be faulted for not being an expert of general tax law. The CPA was close but a shame, the financial advisor also probably should have known better.

To be clear though, you do need to fully separate from the employer, not just go part time.

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Snapperhead199 OP t1_jaeskr1 wrote

Understood. I would be taking another job at another company.

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