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Episode 3035:
Darrow Kirkpatrick explores various strategies, from leveraging taxable investment accounts to taking advantage of Roth contributions and employer-based 401(k) rules. With careful planning, it's possible to generate income while preserving long-term financial security.
Read along with the original article(s) here: https://www.caniretireyet.com/generating-retirement-income-before-age-59/
Quotes to ponder:
"You can withdraw the contributions you made to your Roth at any time, and you pay neither taxes nor penalties."
"Taxable accounts are the unsung heroes of retirement saving."
"Depending on the timing, this rule could give you more than four years of penalty-free retirement income before reaching age 59-½."
Episode references:
Oblivious Investor post on the Age 55 Rule: https://obliviousinvestor.com/
How to Access Retirement Funds Early by Mad Fientist: https://www.madfientist.com/how-to-access-retirement-funds-early/
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Optimal Finance Daily - Financial Independence and Money Advice