Secret IRS Rule 72(t)! | Eric Cooper Shares Early Withdrawal Hack!
- Author
- David Baughier
- Published
- Fri 08 Mar 2024
- Episode Link
- https://zencastr.com/z/1jguv2gI
Join Eric Cooper and Stephen Baughier with host David Baughier for a fun-filled, informative deep dive into the world of IRS 72(t) Early Withdrawal Strategy on "Forget About Money" podcast. 🎧
Chapters 📚
0:00:00 Introduction to Financial Independence and 72(t) Strategy 🌈
0:01:28 FinTalks Cruise Shenanigans and Bets 🛳️💬
0:02:56 Drama-Free FinTalks Cruise 🤿
0:04:45 Ski Trip Injuries and Retirement Decision 🎿⛷️
0:06:10 Bougie the Cat 🐱🏡
0:07:15 Military Recruitment and Son's Future Plans 🪖🌟
0:09:10 Early Retirement Obstacles and Financial Planning Shift 💼🔄
0:10:54 Mystery of 72(t) IRS Code and Recent Changes 🕵️♂️🔍
0:14:15 Eric's Financial Snapshot and Approach to 72(t) 💰🤓
0:16:27 Stephen's Inquiries and Simplifying 72(t) Explanation 🤔🗣️
0:19:37 Detailed Discussion on 72(t) Mechanics and Methods 🔧📈
0:22:33 Choosing the Fixed-Term Annuity 💹
0:23:11 Resourceful Websites for Financial Planning 🌐📚
0:24:14 Exploring Different IRA Methodologies 🤖🔬
0:25:40 Flexibility in Adjusting Withdrawal Methods 🧘♂️🔄
0:26:08 Transitioning from Landlord to Traveler 🏡✈️
0:26:58 Embracing the 72(t) for Financial Freedom 🤗💸
0:29:41 Detailed Itinerary of Travel Adventures 🗺️🌍
0:32:08 Understanding the Rule of 55 📏👴
0:34:11 Tips and Cautionary Tales for 72(t) 🚨💡
0:36:16 Timing Considerations for 72(t) ⏱️🤔
0:37:36 Reflecting on High School and Sibling Rivalry 🏫👬
0:40:22 Light-Hearted Banter and Accent Challenges 😂🗣️
0:42:38 Hilarious Sign-Offs and Goodbyes 😆👋
Hosted by: David Baughier and Guest Host Stephen Baughier
Social Media: @forgetaboutmoney
YouTube: @forgetaboutmoneypodcast
Website References:
