401K to Roth IRA: Strategies for FIRE at 55

In this episode of 401K to Roth IRA, Jake Carson and Lily Morgan tackle a question from a listener planning to FIRE at 55 with a large 401K account balance. They’re exploring whether it’s possible to move money directly from a 401K into a Roth IRA under the “Rule of 55,” or if waiting until 59 1/2 is the best move. We break down the rules surrounding the “Rule of 55,” how conversions work, and the potential tax implications of each option. If you’re considering early retirement and want to optimize your 401K-to-Roth strategy, join us for expert advice on maximizing tax efficiency and making the most of your retirement accounts.