Can You Retire at The Age of 55?

By Investment U Research Team The traditional retirement age is 65. That’s when Social Security benefits kick in, and you’re well-past the age to take penalty-free withdrawals from your 401k (59½). But some people don’t want to wait that long. The question then becomes, can you retire at the age of 55 — a full decade sooner than expected?
The answer is yes, and many people successfully do this each year. You have the power to retire whenever you want! The trick is doing it in a way that allows you to financially support yourself. With early withdrawal penalties and deferred Social Security benefits to worry …read more

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