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:
253 | Back to Basics
252 | Life Rebuilt | Julia Harder
251 | Should I Pay off the Mortgage on the Path to FI? | Brad Connects with Martin and Ayesha
250 | Money Lessons From My Grandparents | Anne Zonca
249 | Carol connects with The Retirement Answer Man Roger Whitney
248 | You Are More Than Your Financial Capital | Laura Oldanie
247 | Zach and Marilyn Talk Real Estate Investing | Paula Pant
246 | Overcoming and Battling Financial Abuse | Rachael Partleton
245 | Matt & Megan get International Tax Tips | Dave McKeegan
244 | Mentorz : A Second Generation FI Success Story | Ava and Don Wettrick
243 | Corinne and Jillian Johnsrud | Households of FI
242 | The Financial Gym | Shannon McLay
241 | Troy & Lindsay Calculate Their FI Number with Brad | Households of FI
240 | The Budgetnista
239 | The Gatekeepers are Gone
238 | Half Price College with the Millionaire Educator
237 | Build Your Talent Stack
236 | The Intersection of Fitness and Financial Independence
235 | How I Built a 7-Figure Online Course | Jacques Hopkins
234 | What's in Your Index?
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