560: Dude ACTUALLY Withdraws From His 401(k) and Retires at 47
BiggerPockets Money Podcast
Managing Wealth and Taxes Through Early Retirement
Strategic financial planning in early retirement can lead to significant tax advantages and cash flow optimization. A low Adjusted Gross Income (AGI) of $26,000, combined with planned withdrawals from a 401k and income from rental properties, enables a retiree to remain in a low tax bracket of 10-12%. This allows for a considerable annual income of approximately $95,000 while only incurring about $2,500 in federal income taxes. Such a setup reflects sophisticated wealth management strategies that leverage real estate income, provide access to healthcare subsidies, and facilitate tax-efficient withdrawals. The learning curve for effective retirement planning can be steep, but resources like podcasts and supportive networks prove invaluable for acquiring essential knowledge and skills to create and maintain a robust financial portfolio in early retirement.
Remember Everything You Learn from Podcasts
