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

Release Date: 05/13/2024

Design Your Extraordinary Life | Alan & Katie Donegan

ChooseFI

In this episode: doing everything but not at once, building your extraordinary life, optimizing your time, and what to do after FI. This week we are joined by Alan and Katie Donogan as well as my guest co-host Ginger live from the Design Your Extraordinary Life Weekend event in Las Vegas, where we will be discussing their exercise of envisioning what an extraordinary life can look like in designated areas of your life, as well as learning how identify and overcome limiting beliefs that can hold you back from achieving your dream life. Reaching your FI goal can radically change your life and...

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ChooseFI

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

ChooseFI

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, 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...

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ChooseFI

In this episode: events, community, travel rewards, medidations, mini retirements, travel wins, and travel points. This week we are back with friend of the pod Ginger to discuss a mixed bag of topics, such as attending FI events, travel rewards and companion passes, as well as the idea of a “mini” retirements and what that can look like while on the path to FI. However, this episode isn't titled "The Ultimate Random Show" for nothing, as we branch off in quite a few different directions as we cover those topics. As opposed to having us try and describe it for you, it may be best to go...

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ChooseFI

In this episode: connecting points, the power of FU money, the early retirement era, and enjoying the journey. This week we are joined by returning guests, Steven and Lauren Keys from Trip of a Lifestyle, to update us on their FI journey and “early retirement era,” as well as discuss the importance of finding the courage and freedom to make radical lifestyle changes in the present. We all know that money can open up new opportunities in your life, whether it’s having the flexibility to leave your job for a better one or even relocating to a dream country, but most of us forget that these...

488 | The Courage to Take Action | EconoMe LIVE with Doc G

ChooseFI

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487 | Military FI: Optimizing Your Financial Plan before Military Retirement | Daniel Kopp, CFP

ChooseFI

In this episode: survivor benefit plans, VA benefits, VSO's disability benefits, tax planning, healthcare, and blended retirement systems. This week we are joined by Daniel Kopp, founder of Wise Stewardship Financial Planning, to outline ways you can best prepare for military retirement. Together we cover pensions, navigating the Survivor Benefit Plan and additional benefits, healthcare and disability resources, as well as other financial decisions you can consider as you begin to transition out of the military. When dealing with any kind of retirement planning, taking actionable steps to...

486 | The Wealthy Educator | Chris Travers

ChooseFI

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485 | Mailbag: Spending Down to Zero, High Fee 401k, Mini Retirements | Rachael Camp

ChooseFI

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484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

ChooseFI

In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values. This week we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to...

More Episodes

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:

Website: fitaxguy.com
Website: mullaneyfinancial.com
Twitter: @SeanMoneyandTax
YouTube: @SeanMullaneyVideos

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

Sean Mullaney:

Timestamps:

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