Mike Milligan breaks down 2025 IRS rules for tapping retirement accounts penalty-free. You can withdraw from 401(k)s and IRAs at 59½, or at 55 if you've left your job. Required minimum distributions don't kick in until age 73.
What about withdrawing from your 401 and IRA before RMDs kick in? What about that? Well, according to the Internal Revenue Service, our friends, everybody, guys, I know they're your friends. You don't realize it, but the IRS loves you. They love you. They're there. Absolutely. They're your partner. They're your, uh, according to their guidance, who does not love guidance from the IRS? Of course. According to their guidance as of 2025, You can begin taking withdrawals from most 401 plans and traditional IRAs at the age of 59 and a half without an early withdrawal penalty. As a matter of fact, there's an age 55 withdrawal. If you leave work, you separate from service, right? And the money's still in the 401. However, the IRS does not require minimum distributions. They don't make you take anything out. They don't, they don't ask for any partnership distributions until the age 73.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
