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:
411 | The Simple Path to Wealth | JL Collins
410 | Short-Term Rentals on the Path to FI | Kelly Cronin
409 | 401(k), Mega Backdoor Roth and the Premium Tax Credit | Sean Mullaney
408 | Debt Payoff, Disney & Taking Action | Audrey
407 | Kristi | Households of FI Update
406 | 18 Months of Massive Action | Josue
405 | Matt & Meg | Households of FI Update
404 | Just Keep Buying | Nick Maggiulli
403 | Alignment & Adjustments | Scott & Taylor Rieckens
402 | Vivian | Households of FI Update
401 | Court from Modern FImily Returns
400 | Zach & Marilyn | Households of FI Update
399 | Money with Katie | Katie Gatti
398 | Troy & Lindsay | Households of FI Update
397 | Securing Your Financial Life
396 | The Valuist | Bo Loy
395 | The Debtist Finds Balance in FI
394 | From Blood Cancer to Boston Marathon | Boyd Dunleavey
393 |Travel Rewards Refresher 2022 | Lyn Mettler
392 | Beginning of a New Era
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