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Yes, you can retire at 59, but it depends on your financial situation, retirement savings, and lifestyle goals. Make sure you have enough savings to cover your expenses, including healthcare, as you may not qualify for Medicare until 65. Additionally, consider any penalties for withdrawing funds from retirement accounts before the age of 59½. It's advisable to consult a financial advisor to ensure a smooth transition into retirement.

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3mo ago

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Related Questions

How old are you when you retire?

It depends. Normal retirement age is at 65, but you can start to take money out of your retirement plan without penalty at age 59 1/2.


What is the answer to 59 plus 59 plus 59?

59+59+59=177


Can you retire at 59 and a half at Scott Fetzer?

Yes, you can retire at 59 and a half at Scott Fetzer, as this age aligns with the IRS regulations allowing penalty-free withdrawals from retirement accounts like 401(k)s and IRAs. However, your eligibility for retirement benefits may depend on your specific employment terms, years of service, and the company's retirement plan. It's advisable to consult with your HR department or a financial advisor for personalized guidance based on your situation.


What is 59 as a percent?

59% of what, if of 100 then 59%.


What is 59 times 59?

59 x 59 = 592 = 3,481


What is 59 plus 59 plus 59 plus 59 plus 59 plus 59 equals?

354


What is -59 equal to?

-59 = -59 Simple


what is 25+34?

25+34 = 59


How big is 59 x 59?

the parameter is 59 on each side and 59 going up so it is 59*59 kind of like a box


What are the factor for 59?

59 is a prime number, meaning that the only factors for it are 59 and 1.


Can you take out all of your 401k after you retire?

Yes, you can withdraw funds from your 401(k) after you retire, typically without penalty if you are at least 59½ years old. However, the specifics may vary based on your plan's rules, and withdrawals will be subject to income tax. It's advisable to consult a financial advisor to understand the implications and strategize your withdrawals effectively.


What is 20 percent of 59?

20% of 59= 20% * 59= 0.2 * 59= 11.8