4 Loopholes That Can Help You Access Your Retirement Savings Early

By Motley Fool

Retirement savings are meant to be used when you retire, so the government created rules to discourage people from withdrawing their money early. You could lose 10% of your withdrawal back to the government if you take money out of most retirement accounts before age 59 1/2, and that's on top of taxes. The Rule of 55 states that if you leave your job in the year you turn 55 or later, you may withdraw money from that job's retirement account without a penalty.

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