The Rule of 55, Explained

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 17 February 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today is we are talking about the Rule of 55. We’ve gotten quite a few listeners who have asked us to cover this so today we wanted to explain exactly what it is and how it works. The Rule of 55 isn’t the only way to access your 401k early so, were also talking about other ways to tap into your 401k and what would be the right reasons to take advantage of these early distributions Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.6	This is my biggest passion and if you're interested in coming along for the ride,
0:35.7	just head over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite podcast app.
0:43.4	We're Seeking Profit!
0:50.4	Hey everybody, welcome to Listen Money Matters.
0:52.7	He is no fool who gives up what he cannot keep to gain what he cannot lose.
0:58.0	My name is Matt and I'm here as always with Andrew.
1:00.5	Andrew, how are you and what are you drinking?
1:04.0	I'm just drinking a chocolate vanilla automis double brown L with hazelnuts.
1:12.0	Yes, I was sipping it before we started recording.
1:14.1	I was just ruminating on how I don't even know if I drink beer anymore.
1:17.2	I just tank a drink.
1:19.2	I just taint taint taint.
1:21.2	I just taste.
1:22.0	Would it say the name of the beer again?
1:24.6	Or what?
	...

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