E5: What is an in-service withdrawal, and can it help me protect my 401(k) before I retire?

Did you know you might be able to move money out of your employer-sponsored 401(k) while you are still working? Jerome from Wisconsin asks about the “in-service withdrawal,” a feature many large companies offer once you reach age 59½. Laura breaks down why this can be a critical tool for those approaching the “red zone” of retirement.

We discuss how moving funds to an independent advisor can open up a world of investment options and risk-mitigation strategies that aren’t available in a standard 401(k) plan. Whether you are a business owner looking for more control or an employee looking to “batten down the hatches” before you retire, this episode explains how this option can help you take the wheel.