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- Trevis
I’m born in December and this question was very important for me. When you turn 55 and the year you turn 55 is about a year difference for me.
MaxYes. It’s the calendar year you turn 55
MichaelThe Rule of 55 is the calendar year you turn 55 or later. You can retire on Jan 1 if you turn 55 any time that calendar year.
JennyYes, it’s the calendar year of the year you turn 55.
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Related Topics:
- Can I withdraw from my 401k without penalty at age 55 under the Rule of 55?
- Does anyone have a resource for figuring out how to retire early and also draw down your money to near zero?
- Is the 4% rule too conservative for retirement withdrawals?
- Is $2.5M enough to retire at 50 with $10K/month expenses?
- Can we reach $2.5M in 18 years by investing $1,000/month?
- Can I ask Fidelity if my 401k plan allows the Rule of 55?
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