Separate from your employer in or after the year you turn 55, withdraw from THAT 401(k) with no 10% penalty.
IRC §72(t)(2)(A)(v) lets you take unlimited penalty-free withdrawals from a 401(k)/403(b) if you separate from service in or after the calendar year you turn 55 (age 50 for public safety workers). Applies only to the plan at the employer you left — not IRAs or old 401(k)s. Strategy: BEFORE separating, roll old 401(k)s INTO the current one to expand the pool. Withdrawals still ordinary income, but no 10% penalty. Bridges 55–59½ without SEPP commitment.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.