Send a text

How to Strategize Early Retirement Withdrawals and Avoid Penalties

In 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 Podcast
00:12 Introduction to Early Retirement Withdrawals
01:37 Avoiding the 10% Early Withdrawal Penalty
03:25 Five Strategies for Early Retirement Withdrawals
03:50 Strategy 1: 72(t) Distributions
11:00 Strategy 2: Rule of 55
13:30 Strategy 3: Utilizing HSA Accounts
16:39 Strategy 4: Roth IRA Contributions
18:45 Strategy 5: Taxable Brokerage Accounts
20:45 Conclusion and Financial Planning Services
22:09 Disclaimer and Final Notes

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

Check us out on
Instagram
LinkedIn
Facebook
Listen to the Podcast Here!
Apple
Spotify