A lot of people that want to retire early are concerned about the age 59 and a half rule, or for 401ks and 403bs, the age 55 rule. If you take your money out before those ages, and it's not for an approved purpose, aka an exception, you have to pay a 10% penalty. "I suspect what may drive Scott's philosophy is not so much the withdrawal issues, but the investment issues," says David Frum.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode