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:
433 | Outside 365
432 | The Skill of Spending | Mr. Money Mustache
431 | Evolution of FI | Mad Fientist
430 | Mindset, Financial Independence, and Real Estate | The FI Couple
429 | FI Frugal Hobbies | Chris Terrell
428 | Fees, Frugality, and 401K Fears
427 | Drawdown Strategies: Karsten vs. Fritz
426 | What to do with $2.5 Million & Real Estate Update | Scott Trench
425 | Turning the Tables on Brad
424 | The Power of FI | Deanna
423 | What Are You Optimizing For? | Chris Hutchins
422 | Lessons From a Young Entrepreneur
421 | Secure Act 2.0 Deep Dive | Sean Mullaney
420 | Mindful FIRE | Adam Coelho
419 | Your Bold Move for 2023 | Dominick Quartuccio
418 | Investing Lessons Learned in 2022 | Brian Feroldi
417 | Year End Wins 2022
416 | Learning to Leave | Diania Merriam
415 | Four Thousand Weeks | ChooseFI Book Club
414 | House FIRE | Alan Corey
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