Join Eric Cooper and Stephen Baughier with host David Baughier for a fun-filled, informative deep dive into the world of IRS 72(t) Early Withdrawal Strategy on "Forget About Money" podcast. ๐ง
Chapters ๐
0:00:00 Introduction to Financial Independence and 72(t) Strategy ๐
0:01:28 FinTalks Cruise Shenanigans and Bets ๐ณ๏ธ๐ฌ
0:02:56 Drama-Free FinTalks Cruise ๐คฟ
0:04:45 Ski Trip Injuries and Retirement Decision ๐ฟโท๏ธ
0:06:10 Bougie the Cat ๐ฑ๐ก
0:07:15 Military Recruitment and Son's Future Plans ๐ช๐
0:09:10 Early Retirement Obstacles and Financial Planning Shift ๐ผ๐
0:10:54 Mystery of 72(t) IRS Code and Recent Changes ๐ต๏ธโโ๏ธ๐
0:14:15 Eric's Financial Snapshot and Approach to 72(t) ๐ฐ๐ค
0:16:27 Stephen's Inquiries and Simplifying 72(t) Explanation ๐ค๐ฃ๏ธ
0:19:37 Detailed Discussion on 72(t) Mechanics and Methods ๐ง๐
0:22:33 Choosing the Fixed-Term Annuity ๐น
0:23:11 Resourceful Websites for Financial Planning ๐๐
0:24:14 Exploring Different IRA Methodologies ๐ค๐ฌ
0:25:40 Flexibility in Adjusting Withdrawal Methods ๐งโโ๏ธ๐
0:26:08 Transitioning from Landlord to Traveler ๐กโ๏ธ
0:26:58 Embracing the 72(t) for Financial Freedom ๐ค๐ธ
0:29:41 Detailed Itinerary of Travel Adventures ๐บ๏ธ๐
0:32:08 Understanding the Rule of 55 ๐๐ด
0:34:11 Tips and Cautionary Tales for 72(t) ๐จ๐ก
0:36:16 Timing Considerations for 72(t) โฑ๏ธ๐ค
0:37:36 Reflecting on High School and Sibling Rivalry ๐ซ๐ฌ
0:40:22 Light-Hearted Banter and Accent Challenges ๐๐ฃ๏ธ
0:42:38 Hilarious Sign-Offs and Goodbyes ๐๐
Hosted by: David Baughier and Guest Host Stephen Baughier
Social Media: @forgetaboutmoney
YouTube: @forgetaboutmoneypodcast
Website References:
Dare to Drawdown ๐
MyFRS 72(t) Calculator ๐งฎ
Marks Money Mind - The Fun Bucket ๐ชฃ
IRS - 72(t) Rules ๐
72(t) vs Rule of 55 ๐
