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:
233 | You Need to Start Building Your Network | Jordan Harbinger
232| Raising a Money-Savvy Family for Next-Generation Financial Independence | Doug Nordman and Carol Pittner
231 | Are You Too Good for Casserole?
230 | College Hacks from the ChooseFI Community
229 | Managing Stress by Leveraging FI | The Fioneers
228 | Overcoming the Debilitating Fear of Public Speaking
227 | The Golden Albatross | Grumpus Maximus
226 | Trip Of A Lifestyle To All US National Parks
225 | The Power of the Staycation
224 | Introducing our Households of FI
223 | Slow Traveling the World the FI Way | Nomad Numbers
222 | The Mid LIfe Crisis
221 | Introducing our Households of FI
220 | Fix My 403b | Nancy Bachety
219 | I was Laid Off, Now What?
218 | COVID Budget Awakening | Brandi Sellers
217| How to Save Thousands in US Federal Taxes Using Geo-arbitrage | David McKeegan
216 | How to make FI more inclusive | With Chris Browning of Popcorn Finance
215 | Your Self-Worth is Not Your Net Worth | Audrey Bellis
214 | How to Rock a Blog Without The Painful Learning Curve | Ashley Barnett
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