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:
371 | Why Does the Stock Market Go Up? | Brian Feroldi
370 | Timeline Your Goals | Stacked with Joe Saul-Sehy
369 | The Unstoppable Force Vs Immovable Object: Clarity and Goal Setting Part 2
368 | Declutter, De-noise & De-stress : Clarity and Goal Setting Part 1
367 | FI Number Adjustments
366 | Day 0 Self
365 | What If You Didn't Need to Escape?
364 | What's All the Hoopla About?
363 | First to a Million
362 | Blockchain, Smart Contracts, and NFT's | Part 2
361 | Blockchain, Smart Contracts, and NFT's | Part 1
360 | A Primer for Success
359 | SWOT Analysis for Financial Independence
358 | Getting Started Audit
357 | 2021 Year End Wins | Part 2
356 | 2021 Year End Wins | Part 1
355 | Making Bold Moves
354 | Navigating the Possible Vs Probable of Personal Finance
353 | Families Fly Free
352 | The DIY Financial Plan
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