Money Guy Show 3 Ways to Retire Early (That You Might Not Know About)
32 snips
Jul 19, 2024 Learn 3 unique strategies for early retirement planning, including the Rule of 55 and Roth conversion ladders. Discover the benefits of integrating retirement and taxable brokerage accounts for financial stability. Get personalized financial strategies tailored to your goals for a more fulfilled life.
AI Snips
Chapters
Transcript
Episode notes
Taxable Brokerage Accounts
- Consider taxable brokerage accounts as a bridge for early retirement.
- These accounts offer flexibility and favorable capital gains tax rates.
Rule of 55
- If retiring early, understand the Rule of 55 for penalty-free 401(k) access.
- This applies to your current employer's 401(k) in the year you turn 55.
72(t) Distributions
- 72(t) distributions allow early retirement access to retirement funds.
- These require complex calculations and offer limited flexibility.