How to Lose $5M in 5 Days (and How to Avoid It)
Money Guy Show
The Cost of Early Withdrawals and Investment Choices
This chapter explores the financial consequences of withdrawing from 401(k) or IRA accounts before age 59 and a half, using two hypothetical individuals to illustrate the stark penalties and tax implications. It also compares their investment decisions and spending habits, emphasizing how small choices can lead to significant long-term financial disparities.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
