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Answering Your Questions on How to Access Money Before 59.5 | Ep 491

In this episode: 72t, Roth 401k’s, Roth IRA’s, The Pro Rata Rule, PUQME, HSA’s, Retirement and Education, and Roth Conversions.

In one of our faster update episodes ever, friend of the show Sean Mullaney re-joins Brad to follow up on the episode we published back in February, “How to Access Your Retirement Accounts Before 59.5,” as well as answer some of the questions our community had around the subject. We in the FI community know that retiring is an option way sooner than we were originally led to believe, so listen along as Brad and Sean shed some light on ways you could potentially access your retirement savings before facing the edge of your golden years.

The discussion is intended for general educational purposes and is not tax, legal, or investment advice for any individual. Brad and the ChooseFI podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., or their services. 

Sean Mullaney:

Timestamps:

  • 1:05 – Introduction
  • 1:58 – Optimizing for 72t
  • 10:25 – Roth Conversions and Premium Tax Credits
  • 22:21 – Roth 401k and Roth IRA
  • 27:08 – The Pro-Rata Rule
  • 36:17 – PUQME and HSA’s
  • 45:39 – Using Retirement Withdrawals for Education
  • 50:40 – The Rule of 55 and Solo 401k’s
  • 55:11 – Marriage and Taxes
  • 61:32 – IRA and Health Insurance Premiums
  • 64:13 – Conclusion

Resources Mentioned In Today’s Episode:

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
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