Accessing Funds in Early Retirement | Episode 009

Mark's Money Mind
Accessing Funds in Early Retirement | Episode 009
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In this episode, Mark delves into financial planning for early retirement, specifically focusing on strategies to access funds before turning 59 1/2 without incurring penalties. Mark shares his personal journey of retiring at 50 and the importance of having a diversified tax strategy across taxable, tax-deferred, and tax-free accounts. 

He introduces concepts such as cash flow projection, the significance of having various account types, and employing strategies like Roth IRAs, Roth conversions, and the rule of 55 to navigate the early retirement financial landscape. 

Additionally, the episode features a discussion on the 72(t) SEPP option with a guest, highlighting real-life applications and considerations for drawing down retirement accounts.

If you would like your question answered on the show, please send an email to me at Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Mad Fientist – Roth Conversion Ladder

Dare to Drawdown – 72(t) SEPP

Timestamps:

  • 00:35 Early Retirement Financial Strategies
  • 01:59 Navigating Tax Buckets for Retirement Savings
  • 08:23 The Power of Roth Conversions and Ladders
  • 12:24 Exploring the Rule of 55 and Other Retirement Options
  • 19:17 Interview with Eric on the 72T SEPP Strategy