But the new plan may not allow partial withdraws. Without those it really doesn’t matter. Also not all plans accept rollovers.You can do a rollover to the new employer plan and still use the rule of 55. But it must be a direct rollover from one employer plan to another. You cannot rollover an IRA for this purpose.
Pension doesn't come with health insurance unfortunately. So that's one thing that could keep me working longer anyway.
I've considered that it's possible that I could still retire at 55 regardless of taking new job or staying in old one.
At my current employer, I can take money out of my 403b via rule of 55. I don't know about new employer.
Key point is that wo knowing the new plan details and rules, decisions can’t be made.
Statistics: Posted by LotsaGray — Sat Feb 22, 2025 12:52 am — Replies 32 — Views 3649