A Trick to Withdrawing Your 401(k) Early

The 401(k) is one of the most powerful wealth-building tools available, especially when planning for financial freedom in retirement. It’s no wonder 401(k) accounts hold more than $6 trillion dollars today—or 20% of all retirement money in the US. And while accessing that money in retirement is pretty simple, gaining access to your savings if you choose or are forced to retire before age 59½ is not so straightforward. On today’s episode of The Wise Money Show, Mike, Josh, and Kevin discuss two creative strategies that can help maximize the usefulness of your savings and minimize unforced errors—no matter when you retire—and the importance of careful financial and tax-planning when navigating this next big step in your financial life.

 

Season 5 Episode 27

 

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