Retire as early as 55? The IRS Rule of 55 explained and how I am using it to fund early retirement
9:32
YouTubedavidnprogress
Retire as early as 55? The IRS Rule of 55 explained and how I am using it to fund early retirement
Most people with 401Ks know they can withdraw without a 10% tax penalty starting at age 59 1/2. What is lesser known is the IRS Rule of 55. This provision allows you to start penalty-free withdrawals as early as the calendar year you turn 55. Imagine being able to use this to help retire early? Or to help boost income after a layoff? That is ...
88K viewsMar 20, 2024
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