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What is the 55 year rule for retirement? A guide to penalty-free early withdrawals

The average retirement age in the U.S. is 62, yet many hope to retire earlier. For those planning an early exit, the **what is the 55 year rule for retirement?** question is critical, as it provides an exception to the standard 10% penalty for early retirement account withdrawals. This guide will detail how this rule works and the criteria you must meet to use it.