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If you ever wondered what would happen if you dipped into your retirement savings before turning fifty-nine and half years old, this episode is for you. This is a cautionary tale about when it *might* make sense to withdraw retirement funds before you retire.
Likely the most controversial financial topic we have covered to date, we’re giving you all the facts you need to know about early withdrawals. But make no mistake, just because you can access retirement funds early, should you? That’s the question we answer in this latest installment of The Money Guy Show.
Tune in and find out:
- The 4 times in life it may be OK to use your retirement funds before retirement
- The exceptions the government makes so you can access your retirement funds early without penalty
- How to determine if you should use retirement funds for something other than retirement
- The rules for withdrawing retirement assets early by account type
- Our strong and candid professional opinion on the subject of accessing retirement funds early
- Creative solutions to avoid taxes and maximize your financial assets
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