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Retiring at 60? 3 Pitfalls to Be Mindful Of.
Early retirement can mean different things to different people. For some, it means ending their careers at 45. For others, it means stopping work at 52.It can be difficult to retire before age 59 and 1/2 because that's when you're first allowed to tap an IRA or 401(k) plan penalty-free. So if you're planning on an early retirement, you may decide to call it quits at 60.But while 60 certainly isn't an unreasonably young age to retire, there are some pitfalls it might lead to. Here are three to keep on your radar.Continue reading
Early retirement can mean different things to different people. For some, it means ending their careers at 45. For others, it means stopping work at 52.
It can be difficult to retire before age 59 and 1/2 because that's when you're first allowed to tap an IRA or 401(k) plan penalty-free. So if you're planning on an early retirement, you may decide to call it quits at 60.
But while 60 certainly isn't an unreasonably young age to retire, there are some pitfalls it might lead to. Here are three to keep on your radar.
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