Accessing Retirement Accounts Early | Roth IRA Conversion Ladder Explained | Early Retirement Hack

Our Rich Journey – Accessing Retirement Accounts Early | Roth IRA Conversion Ladder Explained | Early Retirement Hack: If you watch our videos, you know that we are close to financial independence. Part of the reason for that is because we max out our retirement accounts. Once we reach financial independence, we’ll have the option of retiring early. But, traditional retirement is designed to allow people to retire at 59.5 (or later). This is because people typically can’t withdraw from their 401ks and Traditional IRAs early without paying a penalty. So, what about people who want to retire early and need to access their retirement accounts? Is there a way to access these accounts penalty-free? Quick answer - Yes! More elaborate answer - check out the video! :)

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[Mr.MattsSavings]

You two drop more nuggets than the gold rush of 1849! Thank you again for another well thought, well executed video.

[mylescooperTV]

This is the best explanation of this strategy that I've seen on YouTube.

[rebeccababier]

I am financial coach and I can say that this is the best explanation Ive seen so far.

[epi]

Good info ! Also even if you are not planning on moving your 401k to a Roth IRA - my CPA advised me to put the max of $6000 to my Traditional IRA and then roll it to a Roth IRA. The advantage is my money grows tax free.

[robertdais]

Wow! You 2 did such an awesome job breaking the Roth conversion ladder down! The best description I've ever seen of this topic. You 2 have such a great teaching style & make these FI concepts fun, exciting and accessible to all. So glad to be part of this FI community!😁

[ganeshkmurthy]

I am 13 years from retirement, learning from this channel is preparing me for it. I now know what to do 5 years prior to my retirement. Thank you!!!

[chintandelvadiya]

Lots of love from a single mom who dreamed to retire early and god sent you both angels in her life to make it true 😊 god bless you both

[veraiskandarian]

I don’t think I have learned more from anyone else. Unbelievable. You two are the best.

[greyhk]

Please also do a video on top of this video explaining how to withdraw from your taxable investment account for living expenses during the first five years of early retirement during a Roth conversion ladder while maintaining a 0% federal capital gains tax rate.

[nicholascherry]

INCREDIBLE. I've literally been searching for a free conversation with a CFP for 2 months now to figure out how I could figure out how to access my funds without the penalty @ 35. Thanks a bunch for posting this! I should do my research on joining the FIRE movement, since I'm already doing it solo lol

[sc]

How do I like this video a million times?!!!! THANK YOU SO MUCH for this gold mine! May you both prosper even more!

[lorrainefeury]

This explanation has made this strategy seem more realistic to do! I've always heard about this trick but it was too complicated. Most definitely adding this to my goals this year

[pdxmojo]

You mentioned tax consequence when the roll over occurs but its better to quantify it into "real" money. Most will pay $10, 000 in taxes when rolling over $50, 000 (example). That needs to be emphasized to make sure folks have the cash to do it. Love your channel & content! keep up the good work!

[calissahalpern]

God I love this channel. You guys should really consider hosting seminars. This is information our schools should have been teaching us

[josephgerhardt]

personally I am on a more aggressive investing journey, but i consistently am watching these amazing videos, because I am always learning something new!

[bradleydosch]

This strategy is a total game changer! Love having this tool in the tool belt

[BlackMarriedandDEBTFREE]

You two are the real MVPs! Wow, this is priceless information right here!

[Brent.Hammer]

This is the best Roth conversion explanation I've heard. Very nicely done. Thanks, guys!!

[JustAGrl]

OMG! This video was the KEY and missing step I was looking for. I’ve been trying to figure out how people have been doing this. THANK YOU!