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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!
Published 9 years, 9 months ago
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