 TITLE: What Is the Rule of 55? CONTENT: Is It a Good Idea to Use the Rule of 55?\n----------------------------------------\nJust because you can take distributions from your 401(k) or 403(b) early doesn't mean you should. Depending on your financial situation, it might be better to let your money continue to grow. Holding off withdrawals could help you better position yourself for a financially sound future. If you're tempted to withdraw retirement funds before you're eligible, instead consider finding another job, drawing from your savings or using other sources of income until you need to tap into your retirement savings.\nIf you decide to begin withdrawing funds from your 401(k) early, the long-term value of your portfolio will likely decrease. It's essential that you time your withdrawals carefully and take into account how much they would cost you in taxes. To create a strategy that makes sense in your situation, consider working with a financial advisor or a retirement planner. END