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The rule of 55 can benefit workers who have an employer-sponsored retirement account such as a 401(k) and are looking to retire early or need access to the funds if they’ve lost their job near ...
The Federal Reserve’s latest Survey of Consumer Finances in 2022 found that Americans aged 55 to 64 had a median $185,000 saved up in retirement accounts. But retirement doesn’t have to be an ...
If you “separate from service” as early as age 55, you can take penalty-free withdrawals. Live Richer Podcast: Unexpected Ways Losing a Spouse Can Affect Your Finances and Retirement
The average retirement age in the U.S. was 62 in 2023, but that number's been slowly ticking up over time. Rising life expectancies and rising costs, coupled with incomes and Social Security ...
Facing an early exit from the workforce due to medical issues, a disability or caregiving responsibilities can seem overwhelming -- especially when it comes to your finances. After all, retiring ...
Can I retire at 55? If you're interested in early retirement, it helps to understand the unique financial planning challenges involved.
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