The “Rule of 55”: How Some Workers Can Access Retirement Savings Early

By SalaryFor.com – real salaries for all professions Most people know that retirement accounts like a 401(k) are designed to be used after age 59½. Withdraw money earlier than that, and you usually face a 10% early-withdrawal penalty in addition to regular income taxes. However, a lesser-known provision in the U.S. tax code—commonly called the […]