3 Ways to Retire Early (That You Might Not Know About)

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[michaelschiemer]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[jameswood]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[tylercampbell]

Bo is excited. This is going to be good. 😂

[emoney]

I think this has been the best video of when/why a financial advisor could be useful. Save money and invest in index funds is easy. Knowing which strategies and paperwork to convert and withdraw is a little more complex.

[koxuoww]

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[bradshort]

This has been the best early retirement video your team has put out!

[john]

I must say I love dividend investing, getting those payments in for just holding a company is amazing. from what I've witnessed it all comes down to having a Licensed investment Adviser to handle your portfolio. All thanks to mine who has traded my savings daily from quarter a million to almost one million dollars in the last 9 months.❤✅

[austinbar]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[zone]

"You need to know, what's the age you turn 55?" - The Money Guys

[RolandWingo]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?

[JosiahK]

for most people i wouldn't mess with the whole 72 thing, or pulling basis from the roth. the easiest thing is to set your retirement accounts up so that if you have nothing else, you can retire at 60. then put anything extra you can into regular brokerage account and use that to retire early whenever you have enough to more than bridge to 60+ years old.

[jeffs]

The Plan won’t actually say “We allow the rule of 55”, my experience is that the plan documents will have key paragraphs that, 1. Allow funds to be left in plan after separation from employment, and 2. Allows withdrawals from those funds.
The Rule of 55 is more a matter between the taxpayer and the IRS, at the time the taxpayer files. Did you follow the IRS rules?

[stevemlejnek]

I started a 72t on one of my IRAs at age 56 as I was in my glide path to retirement. Worked well for me so far. Will be done after 5 years, but can access my other retirement accounts at 59 1/2.

[RobWilliams]

I did 3 Roth conversions but stopped because I live
In CA and earn well into 6 figures and don’t want to keep paying CA state income tax, especially since I won’t retire in CA.

[Andocus]

These withdrawal strategies are the reason why 99% of those pursuing FIRE should ONLY fund Traditional IRA/401k and never bother with Roth

[POLOPOZOZOPOLOZOPOZO]

they finally talked about the ladder, but then assumed you'd still be working for an income while laddering, but then talked about taxable bridges in the same video
I don't understand what they mean by it being unrealistic, you continue conversions until your taxable bridge is exhausted.

[buckwildz]

Solid info in the show. Thank you for the details you guys go into on these videos.

[gnoekus]

The Money Guys, could you do a chat on a very challenging question & topic not widely discussed (probably due to it being super tough to address): how to retire and spend (as much as possible, leaving as little as possible) for singles, those without a dependent, those who do not wish to leave a legacy. What are some possible strategies?

[CS-zowx]

In regards to the rule of 55, How is it tax advantaged if you pull it out during your working years, where you have to pay a higher tax rate? Opposed to leaving it in and taking it out when you have retired and are in a lower tax bracket.

[michaellentner]

Great episode! What are some tips for financial planning when recieving 100% P&T VA compensation?