-F. Dennis DeStefano, certified financial planner and president of DeStefano Wealth Management.
However, the 10% early withdrawal penalty doesn't apply if you leave the employer with which you have your 401(k) plan after you reach 55.
..."My experience is that most folks don't understand the amount of money that's required to retire," said F. Dennis DeStefano, certified financial planner and president of DeStefano Wealth Management.
Many financial advisors urge their clients to budget retirement-living expenses at 70% of those in their working life.
clients taking early retirement what they expect to do during a retirement that could last 40 years.Many folks don't think that far ahead and quickly get bored and lonely."Lots of folks are back into the work force in two years" precisely because they didn't plan how to fill their time, he
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