124 min listen
314-How You Can Get More Money For Early Retirement By Using an IRA or 401(k) Even if You Have to Pay the 10% Penalty!
314-How You Can Get More Money For Early Retirement By Using an IRA or 401(k) Even if You Have to Pay the 10% Penalty!
ratings:
Length:
50 minutes
Released:
Mar 24, 2016
Format:
Podcast episode
Description
Have you ever wanted to invest through an IRA or 401(k) for the purpose of early retirement but found yourself stymied by the thought of paying a 10% penalty tax to gain access to your money?
Well, on today's show I've got good news!
If you invest through an IRA or 401(k) but later take the INCOME from the account to pay for an early retirement, you may still come out ahead of the taxable account, even though you need to pay the additional penalty tax!
Check out the show and attachments for details!
Enjoy.
Joshua
The original article from Bryan which launched the idea for today's show: http://www.smartmoneybetterlife.com/eat-your-cake-now-or-when-you-are-59-5-addressing-the-conundrum/
You Need a Budget! www.radicalpersonalfinance.com/YNAB
Support Radical Personal Finance on Patreon www.radicalpersonalfinance.com/patron
Well, on today's show I've got good news!
If you invest through an IRA or 401(k) but later take the INCOME from the account to pay for an early retirement, you may still come out ahead of the taxable account, even though you need to pay the additional penalty tax!
Check out the show and attachments for details!
Enjoy.
Joshua
The original article from Bryan which launched the idea for today's show: http://www.smartmoneybetterlife.com/eat-your-cake-now-or-when-you-are-59-5-addressing-the-conundrum/
You Need a Budget! www.radicalpersonalfinance.com/YNAB
Support Radical Personal Finance on Patreon www.radicalpersonalfinance.com/patron
Released:
Mar 24, 2016
Format:
Podcast episode
Titles in the series (100)
RPF 0005 – The Ultimate Guide to Spending Money – How a smart person can optimize each and every buying decision to get maximum utility out of their money: Today's show gives you some questions to ask yourself when making some buying decisions and some tools to make more intelligent decisions. - Resources for today's show: - When is it okay for you to spend a lot of money? - by Radical Personal Finance