Entrepreneurs on Fire How to Access Your Retirement Accounts Penalty and Tax-Free with Daniel Blue: An EOFire Classic from 2021
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Feb 15, 2025 Daniel Blue, a Forbes contributor and the owner of Quest Education, dives into practical strategies for accessing retirement accounts penalty-free. He highlights the importance of discipline and consistency, arguing that success relies more on work ethic than intelligence. Daniel discusses the advantages of solo 401k plans for business owners and demystifies common retirement misconceptions. Listeners are empowered to take charge of their financial futures, learn about Roth solo 401ks, and embrace community support to foster entrepreneurial growth.
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Intelligence vs. Discipline
- Success doesn't require high intelligence, but discipline, consistency, and work ethic are essential.
- Smart decision-making includes surrounding yourself with smarter individuals.
Solo 401k Success Story
- A client used a Solo 401k loan to fund her online business, avoiding penalties and taxes.
- She repaid the loan, grew her business, and quit her corporate job.
Access Retirement Funds Penalty-Free
- Convert your 401k or IRA into a self-directed account or Solo 401k for more investment flexibility.
- Solo 401k's offer loans up to 50% of the account value or $50,000, whichever is less, penalty-free.