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:
473 | Are We There Yet? 'Retire Early' Case Study
472 | The Cure for the Boring Middle | Fioneers
471 | Mailbag: Inflation and FI, ACA Subsidies, Roth vs. Trad and More | Cody Garrett
470 | The Spectrum of Financial Independence | Chris Hutchins
469 | A Tale of Action | Navish Bahl
468 | Year End Wins 2023
467 | The Power of Community | Amy, Diania, and Stephen
466 | Journey to Financial Freedom | Jamila Souffrant
465 | Jonathan Returns: Upside Down Economics and the Priceless Value of a Great Question
464 | Budgeting Masterclass | Tiffany "The Budgetnista" Aliche
463 | Superpower of Frugality | Frugal Friends
462 | Pathfinders | JL Collins
461 | Taking Space for Yourself and Community | October Roundup
460 | Preparing for the Cost of College | Brian Eufinger
459 | Follow the Thread | Cory Muscara
458 | A Healthy State of Panic | Farnoosh Torabi
457 | Mailbag: Cover Your Expenses | Rachael Camp
456 | Taking a Step to FI | September Roundup with Ginger
455 | Creating Your Entrepreneurial Flywheel | Nathan Barry
454 | Salary Negotiation & Early Retirement | Financial Mechanic
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Everyday Courage with Jillian Johnsrud
Rebel Entrepreneur