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Need Help with 401(k) Distribution Crisis

I was laid off from my job a year ago right after I turned 55. After a full year of unemployment and living off my unemployment benefits and savings, I am pretty much out of money and need to turn to my 401(k) for a distribution. Having been laid off at 55, I was told that I could dip into my 401(k) before age 59-1/2 without any penalty. Read Entire Article