Tax Jailbreak Early Retirement Strategy: Sense or Nonsense? - 432

Your Money, Your Wealth

Can you retire early - before age 55 - simply by contributing to your 401(k) only up to the company match and then saving to a brokerage account? Joe and Big Al spitball on using this so-called tax "jailbreak" strategy to retire early. Plus, is Christine on track to have $150,000 present value to live on in retirement? Is John stuck just watching his money grow and turn into big required minimum distributions (RMDs)? Can Jackie contribute to a SEP IRA and convert it all to Roth? And what do the fellas think of Lee’s I-Bond emergency fund?

Timestamps:

• 00:49 - Is the Tax "Jailbreak" Early Retirement Strategy Nonsense? (William)
• 04:31 - Retirement Spitball: Can I Spend $150K Present Value in Retirement? (Christine, Seattle)
• 13:18 - Am I Stuck Watching My Money Grow and Being Saddled With Big RMDs? (John, TX - voice)
• 18:10 - Can I Contribute to SEP IRA and Convert it All to Roth, or Roll it to 401(k)? (Jackie, Bethesda, MD)
• 23:19 - How is My I-Bond Emergency Fund Strategy? (Lee, Jacksonville, FL)
• 28:12 - The Derails: One of YMYW's Most Brutal One-Star Reviews Ever

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-432

• How to Build a Recession-Proof Portfolio - The latest episode of YMYW TV
• Recession Protection Guide
• SECURE Act 2.0 webinar (on demand) and companion guide
• Episode Transcript
• Ask Joe & Big Al On Air