In this episode: taxable accounts, the 72(T), inherited retirement accounts, 457B's, roth conversion ladders, and the rule of 55.
This week we are joined by the “FI Tax Guy” Sean Mullaney to walk through examples and discuss some strategies you could use when accessing your retirement funds early. No matter where you are on your FI journey, there can come a time where retiring early becomes a feasible option, but there can be many stipulations and tax implications that come with withdrawing your funds before the age of retirement. Tune in as we discuss several different options you can pursue in order access your money without having to wait until the 59 and a half year old threshold.
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Brad and the ChooseFI podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.
Sean Mullaney:
FIRE in Vegas:
Timestamps:
Resources Mentioned In Today’s Episode:
294 | From Corporate Muzzle to Invested Development | Amanda Holden The Dumpster Doggy
293 | Gamestop Squeezed to the Max | Brian Feroldi
292 | The Complexity in Simplicity at M1 | Brian Barnes
291 | If I Could Turn Back Time
290 | We're Talking Millions | Paul Merriman
289 | The Roth 401K and Meal Planning Made Easy
288 | Mad Fientist
287 | The Examined Life
286 | I Like to Dabble
285 | Beginning of a New Era
284 | JL Collins Returns
283 | End of Year Wins | Part 3
282 | End of Year Wins | Part 2
281 | End of Year Wins | Part 1
280 | The Debt Free Guys
279 | Be Wise, Your Financial Future is at Stake | Dan Otter
278 |Retire Early...For You | Amy Blacklock
277 | Gauging the Weight of your Portfolio
276 | How to Set up Your Financial Life | Investing and Banking
275 | Board games and War Games
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