Send us a text)
How to Strategize Early Retirement Withdrawals and Avoid PenaltiesIn this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses strategies to access retirement accounts before age 60 without incurring a 10% early withdrawal penalty. Key topics include the 72(t) rule, the Rule of 55, leveraging HSAs, Roth IRA contributions, and taxable brokerage accounts. Learn which options are the most and least flexible and how to plan tax-efficient withdrawals. Hunter also covers the importance of proper planning and working with a financial advisor to avoid costly mistakes.00:00 Welcome to The Retire Early Retire Now Podcast00:12 Introduction to Early Retirement Withdrawals01:37 Avoiding the 10% Early Withdrawal Penalty03:25 Five Strategies for Early Retirement Withdrawals03:50 Strategy 1: 72(t) Distributions11:00 Strategy 2: Rule of 5513:30 Strategy 3: Utilizing HSA Accounts16:39 Strategy 4: Roth IRA Contributions18:45 Strategy 5: Taxable Brokerage Accounts20:45 Conclusion and Financial Planning Services22:09 Disclaimer and Final Notes
Check out the Palm Valley Wealth Management WebsitePalmValleywm.com)Check us out on Instagram)LinkedIn) Facebook)Listen to the Podcast Here! Apple)Spotify)
