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491 | Answering Your Questions on How to Access Money Before 59.5 | Sean Mullaney
Episode 491

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

ChooseFI · Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

May 13, 20241h 8m

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Show Notes

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 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.

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: More Helpful Links and FI Resources:
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