Did you know there are several ways you can access your retirement account before age 59 1/2 without paying the 10% early withdrawal penalties?

Accessing your retirement funds early doesn’t have to be a costly mistake.

In this episode of The Simply Retirement Podcast, I break down seven ways you may be able to withdraw from your retirement savings before age 59½ without facing that dreaded 10% early withdrawal penalty.

Whether you're helping a family member, navigating a crisis, or just need more options, these strategies could offer critical flexibility.

On this week's episode we discuss:

• The “Rule of 55” and when it applies to 401(k) withdrawals after job separation
• How SEPP (Substantially Equal Periodic Payments) can be used to create penalty-free income streams before 59½
• Why Roth IRA contributions are a valuable option for young savers needing access to funds
• Little-known exceptions like domestic abuse withdrawals and how self-certification simplifies access
• Using inherited IRAs, education expenses, first-time home purchases, and unreimbursed medical costs as legitimate ways to avoid penalties
• And more!

Did you miss it? You can catch every episode of The Simply Retirement Podcast on the website - or on your favorite podcast app. LISTEN ON THE WEBSITE ​​​ ​

• ​Episode 57 Transcript​
• ​#39 - Empowering Women through New Beginnings with Shalonda Waggoner​
• ​#48 - How to Pay Taxes in Retirement: What You Need to Know​
• ​#52 - I Have Inherited an IRA—Now What? 5 Steps to Avoid Costly Mistakes​
• ​SECURE Act 2.0 Provision: Distributions to victims of domestic abuse​
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Keeping Retirement Simple,

Eric Blake, CFP®

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