{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"What is the Rule of 55?","description":"If you\u2019re thinking about retiring before 59\u00bd, you\u2019ve probably assumed your 401(k) is locked up. Not always. Nick unpacks the Rule of 55, a lesser-known provision that can allow penalty-free withdrawals from certain employer retirement plans starting at age 55. But like most tax rules, the opportunity comes with caveats. Used correctly, the Rule of 55 can create flexibility. Used carelessly, it can limit your options. Here\u2019s what we discuss in this episode:   \ud83d\udcd8 Rule of 55: Penalty-free access explained   \ud83d\udc65 Who Benefits: Early retirees with 401(k)s   \u26a0\ufe0f Limitations: Plan rules and restrictions   \ud83e\uddfe Tax Strategy: Income timing matters   \ud83d\udcec Mailbag Q&amp;amp;A: Roth, Medicare, estate planning &amp;nbsp; Our website: https:\/\/johnsonbrunetti.com\/  Phone: 800-208-7233  Contact our team: https:\/\/johnsonbrunetti.com\/contact-us\/ &amp;nbsp; Get your customized Money Map: https:\/\/johnsonbrunetti.com\/your-money-map\/#form Join us for our next financial workshop: https:\/\/johnsonbrunetti.com\/financial-workshops\/ Check out our other no-cost financial resources here: https:\/\/johnsonbrunetti.com\/financial-resources\/ &amp;nbsp; Check us out on YouTube: https:\/\/bit.ly\/3CcAzai ","author_name":"Money Wisdom","author_url":"http:\/\/moneywisdom.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40164780\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/40164780"}