Ask Paula: We Make $300k. Why Are We NOT Financially Independent?
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SCPP 72T or Roth Conversion Ladder?
Using SCPP 72T, you are legally obligated to take the same amount out of your IRA every year. It also helps people early in retirement kind of regulate their spending and get used to spending that's the same with the threat of all these penalties hanging over them. A Roth conversion ladder is going to come with major tax penalties because it uses $600,000 from taxable brokerage accounts. That was episode 94, which we deemed the early retirement episode.
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