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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!

FromRadical Personal Finance


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!

FromRadical Personal Finance

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 
Released:
Mar 24, 2016
Format:
Podcast episode

Titles in the series (100)

Joshua J Sheats, MSFS, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.