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Episode 3036:

Darrow Kirkpatrick explores strategies like the 72(t) Rule, home equity loans, and special tax exemptions, highlighting both their benefits and risks. While taxable accounts offer the most flexibility, understanding these alternatives can provide financial freedom before reaching 59½.

Read along with the original article(s) here: https://www.caniretireyet.com/generating-retirement-income-before-age-59/

Quotes to ponder:

"Once you start down the 72(t) road you are essentially locked in for a period of time."

"If you take out any kind of loan in early retirement, you are assuming that you will have the cash flow later in retirement to easily pay off the loan."

"The very best way to save for early retirement is probably to max out your tax-sheltered account contributions and then keep on saving into taxable accounts during your working years."

Episode references:

Dinkytown.net: https://www.dinkytown.net

CalcXML: https://www.calcxml.com

"How to Access Retirement Funds Early" by Mad Fientist: https://www.madfientist.com/how-to-access-retirement-funds-early

72T.net: https://72t.net

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