Topics and your questions answered on the show
- Matthew is married, age 36, wants to retire early, and asks how to fund early retirement before age 59 1/2. Scott explains how to pay the bills while waiting to withdraw from a 401(k), including how to take money out of tax deferred retirement accounts before age 59 1/2 penalty free.
- Can buying a boat give your family financial protection if you get hit by an asteroid?
- Steve asks about budgeting and the leading tools.
- Confirmation that you can withdraw contributions (your basis) from a Roth IRA at any age tax and penalty free.
- Lore (Columbus, OH) needs help with asset allocation and picking the right stuff in their available investments.
- Rita (Portugal) has a mortgage with 9% interest and is deciding if she should invest or not.
- Elaine says she can’t afford to invest because she doesn’t want to lose money. She can’t afford not to.
- Walter is age 43, wants to retire at age 55 and asks which index funds I recommend.
- What do you do with your raises and bonuses?
- Quote of the day from Jimi Hendrix.
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Links mentioned in the show
- Please share the show by texting https://GetFR.com to 3 people.
- IRS Form 8606, Distributions from IRAs
- Retire early and avoid 401(k) penalties
- De Giro Portugese Brokerage
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How To Get Started Investing
The international bestseller by CERTIFIED FINANCIAL PLANNER™ Scott Alan Turner. Choose the right accounts & investments so your money grows for you – automatically. No jargon, confusion, or pie in the sky promises. Just a proven plan that works.