Over Age 40 And Thinking About Retiring Early?...This Will Help You Decide

Over Age 40 And Thinking About Retiring Early?...This Will Help You Decide. If you are over age 40 and want to retire early, you need to know the Rule of 55.

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**Time Stamps**

00:00 intro
00:20 What is the Rule of 55
01:26 Difference between Rule of 55 and Rule of 72(t)
02:35 The loophole
03:36 2 things that must be true to use the Rule of 55
04:43 Other considerations under the Rule of 55
05:49 Cautions with the Rule of 55
07:11 Other types of withdrawals
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🧩 DISCLAIMER: I am not a financial adviser. These videos are for informational and educational purposes only.

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Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads.

[MouraKevin]

*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*

[dnah]

I'm aiming to retire at 60 with rental properties, maybe a business in real estate, dividends from ETFs, and a retirement pension.

[jaylenjenkins]

Yes I heard of it 3 years ago thanks for putting this out again so many people never heard of this.

[Johnsmith-htke]

I've just found out about this and I'm 53 and definitely want to use this rule at 55 so thank u for this video really needed this..thank u so much

[Westcoastguy]

Yep, the 55T rule. Thanks for talking about it. Many people don't know about it.

[kemi]

SMB you are shaking the table dropping all this info. I’ve never heard of this rule so I’ll be doing further research and sharing this video with my husband who said he’ll be retiring at 55y/o.

[SSS-wohn]

Keep the information coming because the OVERWHELMINGLY majority of people have NO idea about this. 👍🏾

[sif]

Great videos and im now watching more of your information

[kynessie]

Yes, my financial advisor talked to me when I retired at 55 which was 4 years ago. However, I did do it.

[FunandBudget]

Nope...didn't know this. I know about withdrawing from an IRA early without penalty as long as you are not withdrawing profit.

[erickisel]

@Smart Money Bro: I have heard of the rule but did not really understand how it worked. Thanks for the education.

[alviraneufville]

I have never heard of this rule before. I have not lived here all my life... just twelve (12) years so I have not done my due diligence. However my husband and I have worked 10 years each with our respective companies.

[gailmcgill]

Never heard of this rule, thanks for the info 😀

[sharonfarley]

I haven't heard of Rule 55. This is very informative. What if you have a SDIRA does the Rule of 55 applies or I have to wait until I'm 59 and a half to pull money from my SDIRA?

[latoyaallen]

Question: If I rolled over money from my previous employer's 401k into my new employer's 401k can the rule 55 be applied to the entire account including the rollover?

[Arlene_witha_y]

What if it’s a Roth 401(k)? Offered by my employer?

[itchyasian]

Yes I heard of it just 2 years ago.That's my plan to retire at 55-56 yrs. Of age. How about a 401a or a roth is that part of the 55 plan? Is 15 percent of my pay good enough towards retirement? I have about 8 to 9 years until I hit that age.

[shirleyhardrix]

I have not heard of the Rule of 55 or 72(t)

[danicegewiss]

Retire? Why? That's a shortcut to death.

[Arlene_witha_y]

What if it’s a Roth 401(k)? Offered by my employer?