Deep Dive: Set Yourself Up to Pay No Penalties or Taxes in Early Retirement
The Money with Katie Show
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A Hundred, 60 Thousand Dollars Per Year, That Is a Lot of Money
Two people could earn more than a hundred and 60 thousand dollars per year between them. It's not an unrealistic or completely unattainable household income, especially to achieve something as impressive as retiring as multi millionaires in your forties. Back to the example, our friends would begin their conversions and drawdown at age forty five of their pretax and taxable funds. And for 15 years, until they hit 60, they would rely solely on these two accounts.
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