401(k) Mistakes Job Hoppers Make

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Just clerification here. The 55 year rule which allows retirees to make penalty free wd's does not quite work the way you say. In reality it allows persons that have seperated from their employer in or after the year they turn 55 to process penalty free wd's. So if you seperated from the company when you where 53 than the 55 year rule would not apply. Secondly it should be noted that each plan is unique and may not provide a age 55 wd.
It does help people if the information in these stories was acurrate.

Chris of KY 4:48PM March 15, 2011

David, if you can't spell indcependence in a blog that has free spell chequeing, why should anyone trust you with their retirement chex? Maybe you should change whatsmynumber to RolloverDead? Maybe I should move all my money into the David Anderson Early Retirement Fund? Why not just your middle name to Madoff?!! HAHAHAHAHAH!!

TUBE of KY 11:25PM March 12, 2011

Changing jobs? Check out the Rollover Center at www.erollover.com Free independent retirement content and analytical tools. Calculate when you can achieve financial indcependence at http://www.erollover.com/manage/whatsmynumber

David Andersen of GA 11:03PM March 07, 2011