Key Points A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 ...

Editor’s note: "The Rule of 55" is part eight of an ongoing series focused on how to retire early and the FIRE (Financial Independence, Retire Early) movement. Part One is How to Retire Early in Six ...

There's usually a 10% early withdrawal penalty if you take money out of your 401(k) under age 59 1/2. The Rule of 55 lets you take funds from your most recent employer's 401(k) without penalty if you ...

If you try to withdraw early from just about any retirement plan, you'll be slapped with a penalty—an incentive to leave your money alone and let it build toward retirement like you always intended.

Morningstar suggested earlier this year that retirees can safely withdraw 3.7% from their nest egg in 2025 instead of ...

When you have spent your entire life working hard and saving for a secure retirement, it can be surprisingly difficult to ...

HOUSTON - Have you dreamed of retiring early, but it just doesn't seem possible? Two percent of Americans retire before the age of 50, but more are trying to retire early through what's known as the F ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. from 24/7 Wall St.: When you plan to retire early, having ...

The idea of a work-life balance has gained attention over the last few years. Technology is redefining how and where we work and employees are re-evaluating how they spend the largest portion of their ...

Forbes contributors publish independent expert analyses and insights. Host of the Retire Sooner podcast and CFP™ practitioner. Many investors gain penalty-free access to retirement accounts at age 59½ ...