Need information on Rule Of 55

[Thomas Campbell]

Howdy!  First time listener.. first time poster!  Ha!

I don't usually need much financial advice.  And I don't need long term advice.  I've been managing my finances for quite a long time but I'm needing some questions answered about the Rule Of 55 and I don't know if I should talk to a Fiduciary or a Tax Advisor.  Anyone have any recommendations on which way I should go and recommendations on who might be able to assist?

Thanks!

[Dave G.]

@Thomas Campbell I see how your questions should really be answered/confirmed by a professional. But my thought is that if you retire from Company B then whatever your 401k balance is at Company B is what you can access penalty-free. So if you had time this year to do a rollover from Company A to Company B prior to separation of service from Company B, you will have the benefit of accessing penalty-free all of the savings from both Companies. 

I think you and I have much the same philosophy on personal finance and investing. I do all of my own investing and money management and will not pay an AUM fee or be hustled by "financial advisor" that is really just a salesman. Such a sleezy industry. So my solution is to purchase services either flat fee or pay by the hour, similar to hiring a lawyer. 

For example, I found a financial planner in MI that I hired to assemble and analyze a full plan for my wife and I, using data which I provided. He has no access to any of my accounts and has no direct involvement in my finances. It is all advisement from him, the actions are for me to execute. The fee was $2900 for the plan and multiple advisement sessions. So it is a finite agreement with a flat fee. I can hire him for subsequent advisement as needed for additional fees, which I may do. My CPA of 12 years is also a great resource.