Thinking of retiring at 55? Leaving the 9-to-5 grind early is an incredible milestone, but it comes with unique challenges. Social Security benefits won’t kick in until at least age 62, which means you’ll need a solid plan to cover your living expenses in the interim.

In this video, we’ll break down how retiring early affects your Social Security payments, explore strategies like the Rule of 55 and 72T distributions to access retirement funds penalty-free, and discuss why your work history plays a critical role in your benefits calculation.

#EarlyRetirement #FinancialPlanning #SocialSecurity #RetirementStrategy #RetireAt55 #WealthManagement #FinancialFreedom #RetirementPlanning #RuleOf55 #MoneyTips

00:00-Introduction

00:40-The Reality of Early Retirement

01:35-The Impact of Your Work History

03:50-Covering The Gap

07:20-Social Security Payment Calculations

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

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