Avoid Costly Mistakes with QDROs and the Rule of 55

Are you planning to retire at 55 and wondering how to avoid costly mistakes with QDROs and the Rule of 55? In this video, we'll discuss the age requirements for 401(k) early withdrawal and the benefits of the 55 and separated from service rule. You'll learn how to cash out your 401k without incurring the 10% IRS early withdrawal penalty and explore exceptions to the 401(k) early withdrawal penalties. We'll also cover what happens if you roll over a 401(k) to an IRA after 55 and how to make the most of your retirement income. By understanding the IRS Rule of 55 and QDRO pension rules, you can make informed decisions about your retirement savings and avoid costly mistakes. Watch now and start planning your dream retirement!

0:00 Intro & Summary
0:35 What is a Qualified Domestic Relations Order (QDRO)?
3:54 Who qualifies for the Rule of 55?
4:30 How the Rule of 55 allows for earlier access to retirement funds
7:25 Understanding the potential implications of early retirement

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