The 5 Rules of Early Retirement! (2024 and Beyond)

Interested in a custom strategy to retire early? →

This video discusses the 5 important rules for retiring early in 2024.

For anyone looking to retire within the next 1-5 years, this highlights the need to balance confidence in your retirement plans with the reality of financial stability.

Watch this video for further insights and strategies for achieving your retirement goals.

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Timestamps:
00:00 Intro
00:38 Rule #1
03:00 Pro Tip
03:59 Rule #2
04:27 Cash Flow Planner
05:44 Rule #3
07:35 Rule #4
09:00 Change Your Spending Habits
09:52 Rule #5
11:07 Conclusion/Summary

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eBook: The Complete Guide To An Early Retirement (FREE)→

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Ari Taublieb, CFP®, MBA, is the Vice President of Root Financial Partners (Fiduciary) and host of the Early Retirement Podcast.

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⚠️ "DISCLAIMER:⚠️

All content is not to be received as financial advice, and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc., before making any financial decisions.

This video contains content I created and got permission from its creators to use. This Channel DOES NOT Promote or encourage Any illegal activities; all contents provided by This Channel are meant for EDUCATIONAL AND ENTERTAINMENT purposes only.

[garya]

The info about your parents and why you became an advisor helps give it a personal touch. Keep it real!

[jdsuone]

enjoy the content and the podcast, keep 'em coming

[Adnanhasb]

Very helpful video ...
But the inflation is making it harder to save now
Any advice ?

[JoseRodriguez-yruv]

Great Content. Ari you are a master at early retirement

[jessefletcher]

IRS Rule of 55 is our ticket to ride! Also, below a certain taxable income threshold the long term cap gains are taxed at $0, I think last year that threshold for MFJ filers was $89250.

[merrieleiderman]

Does the rule of 55 apply to a Roth 401k?

[delayedgratification]

Ari, does Root's retirement planning academy software cover California state tax? And the software will be updated annually?

[Sylvan_dB]

Ability to use "rule of 55" also depends on the terms of your employer's 401(k). The employer I just left does not allow partial withdrawals from a 401(k). In other words, sure, you might can withdraw without penalty because of "rule of 55", but you if you do you must withdraw your entire balance (and pay all the taxes on that). Nope!

[Divyv]

Hey Ari, really nice video ! I was wondering if I could help you with Best Quality Editing in your videos which visually appeal to audience and would increase average view duration and will also make a highly engaging Thumbnail which will overall help your videos to reach to a wider audience ? Pls let me know what do you think ?

[paulscheuer]

I can't turn on notifications for your channel because it says "this action is turned off for content made for kids"???

[neverclevernorwitty]

Why is there almost no mention of 72t SEPP withdrawals to avoid the 10% penalty?

[TheFtm]

One thing I notice does not get mentioned with early retirement is the likelihood of an inheritance. Both from a planning standpoint and a recipient's standpoint. Since that has affected our early retirement decisions, I thought it was worth a mention. Glad to give more details in a less public venue, but you likely understand.

[BillJohn-fidx]

This year is definitely going to be worse. I made bad decisions with investing last year and lost a truckload of money I wouldn’t have lost that much if I didn’t keep worrying about my portfolio, I was stuck on deciding if to continue investing or start paying for a house. I ended up selling my positions and the home turned out to be a fixer upper more than I imagined. I don’t know how long I can keep this up for.

[macaccount]

Ari, love your posts but this was so chatty I couldn’t get the 5 points without dosing off