Luckily, tax-advantaged retirement plans offer a lesser known option for penalty-free early withdrawals: the rule of 55. The rule of 55 is an IRS guideline that allows you to avoid paying the 10% ...

Retirees open up about their finances and how they spend their time.

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 ...

It seems like we might have enough saved but it’s difficult to determine if I can afford to retire at 55. -Unfulfilled in My Career In short, yes – you should be able to retire at the ...

Editor's Note: "Retirement Savings on Track? How Much You Should Have by 55 and 60" is part of an ongoing series on getting your retirement on track by age. The first story is "Retirement on Track?

Many people like the idea of living in a retirement community – particularly one aimed at adults 55 and older that offers amenities such as fitness centers, swimming pools and cooking classes.

There are often penalties attached to taking early withdrawals from retirement accounts, but there are also some exceptions. One exception to the 401(k) early withdrawal penalty is known as the ...