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:
331 | What Does Inflation Mean for Investors?
330 | Is there a Housing Market Bubble?
329 | The Investing Horserace
328 | Watch the Business Not the Stock
327 | Where Does Entrepreneurship Fit on Your Path to FI?
326 | Learn to Market Yourself and Your Skills in 2021 and Beyond
325 | Credibility and Boundaries for Winning at Life
324 | The Stages and Checkpoints of FI
323 | Pump and Dump
322 | Financially Bulletproof in a Pandemic
321 | Discovering the Power of FU Money
320 | How Many Days a Month Do You Experience Stress Related to Work?
319 | Make Your Kid a Millionaire
318 | 100 Ways to Get 1% Better
317 | All the Hacks | Chris Hutchins
316 | Is Your Pension Healthy? | Grumpus Maximus
315 | Is This the Golden Age of Investing?
314 | Is My Company's Stock Overpriced? | P.E. Ratio Explained
313 | Are You as Diversified as You Think You Are?
312 | First-Time Home Buyer | Bigger Pockets
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