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re: Anyone retire early early?
Posted on 5/18/24 at 12:56 pm to lynxcat
Posted on 5/18/24 at 12:56 pm to lynxcat
quote:
Taxable brokerage account in addition to those is also required to bridge early retirement before some retirement vehicles can be accessed. Tax strategy is critically important, especially in an early retirement scenario. Without the taxable brokerage, it’s very difficult to early retire (unless there is a cash flowing stream for living expenses elsewhere).
My plan is to start taking 72T S.E.P.P. draws from my 401k around age 48. I'm comfortable committing to a 2-3% annual draw for 11 years. If the market takes a crap, I'll work part time to invest in another account, because the draws won't stop.
1
Posted on 5/18/24 at 5:22 pm to dragginass
I’m always impressed at early retirees. Good reading and motivation in this thread.
My FIL retired at 50 on basically a single income.
My brother in law went into tech midway through his career and was able to essentially retire at 43. He consults and does a few other side gigs.
All I know is I will have no problem finding something to do
My FIL retired at 50 on basically a single income.
My brother in law went into tech midway through his career and was able to essentially retire at 43. He consults and does a few other side gigs.
All I know is I will have no problem finding something to do
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