"I love the idea. You know, Jim Rome presents a congruent idea," he says. "It's about managing your energy and not your time." The IRS allows people to take money out of their IRAs pre 59 and a half in a way that you're able to set yourself up with an income stream. If it's 57 and you start this, you got to go five years to not violate the rule. But as long as you do it that way, you can decide whether you want it monthly, quarterly, however you want it.
#448: An anonymous caller is dealing with guilt over spending a large cash gift. What’s the best use if she doesn’t have an obvious financial goal to throw at it?
Eric reached financial independence a few years ago but he hesitates to quit his job. What the heck is a Roth conversion ladder and how can he overcome his psychological barriers?
Another anonymous caller and his wife earn $300,000. He feels like they should be financially independent but they’re far from it. What’s going on?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode448
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