Luckily for me I will also be retiring July 31st.I worked a lot of overtime and saved up for the 16-24K healthcare hit for me and the wife.Then covid hit and my employer came out with a retirement package.Fully funded healthcare.Also as far as the 401K theres no penalty to withdraw if you are 59 1/2.Also if you were in your company plan for over 25 years and are at least 55 there is no penalty.A certain amount will be withheld for taxes depending on if its an IRA or 401K.It's also good to live in a state that does not tax retirement monies.