GenExDividendInvestor | Secrets to Withdrawing Early from 401(K)s and IRAs @GenExDividendInvestor | Uploaded 2 years ago | Updated 20 hours ago
Secrets to Withdrawing Early from 401(K)s and IRAs
In this video I’m going to tell you ways that you can withdraw your money from retirement accounts before the normal age of 59.5 WITHOUT getting hit with a 10% penalty.
Bankrate 72t Calculator: bankrate.com/retirement/calculators/72-t-distribution-calculator
Federal Mid-Term Rate pbgc.gov/prac/interest/historical-applicable-mid-term-rates
Chat with me on my free Dividend Discord Chat Server ➜ discord.gg/kkSr5FY
Free $$$ for new M1 accounts: referral link signup ➜ https://m1.finance/AUzJllYh-gGh
Details about the free M1 $ ➜ bit.ly/3oR6AtW
Follow me on Instagram ➜ instagram.com/genexdividendinvestor
Follow me on Twitter ➜ twitter.com/GenExDividend
To get access to my Spreadsheet 2.0 then please sign up as a Patreon Aristocrat or King (and double check my Patreon site to ensure I’m still offering access, as I only have limited seats available). You also get other perks for signing up including the ability to watch my videos on my Discord before I release them to the public, and the ability to vote on what thumbnail I’ll use in some of my future videos, and you gain direct access to me.
Support me & get Patreon perks ➜ patreon.com/genexdividendinvestor
My Dividend Merch Store ➜ teespring.com/stores/genexdividendinvestor
Donate to St. Jude’s Children Hospital: stjude.org/donate/donate-to-st-jude.html?sc_icid=header-btn-donate-now
Please use my Amazon Affiliates Link ➜ amzn.to/2YLxsiW
Thanks! As an Amazon Associate I earn from qualifying purchases. That means I get a small commission for each purchase you make after you click on my link and you shop, but it doesn’t cost you anything extra. It is a great way you can show your support for my channel. Please tell me if you do that, so I know who my big supporters are!
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
Get more great info - Subscribe! ➜ youtube.com/c/GenExDividendInvestor?sub_confirmation=1
Share this Video ➜ youtu.be/OgVf4HpntRQ
Watch this Video next ➜ youtu.be/ouvXUm-oWHU
Feel free to ask questions on Instagram, Twitter, Reddit, email, or here on YouTube. Listen to my videos as Podcasts on iTunes, SoundCloud, Spotify, Castbox.fm, etc.
My Dividend Portfolio on M1 ➜ https://m1.finance/d7HNu-IgtL0Q
My Referral Link to M1 for free $ ➜ https://m1.finance/AUzJllYh-gGh
Reddit ➜ reddit.com/user/GenXDividendInvestor
Listen to my Videos as Podcasts on iTunes ➜ podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524
Listen to my Videos as Podcasts on SoundCloud ➜ soundcloud.com/genexdividendinvestor
Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
The Intelligent Investor ➜ amzn.to/2WPwgtj
One Up on Wall Street ➜ amzn.to/2YTDAXt
Rich Dad, Poor Dad ➜ amzn.to/2SUCwOZ
The Richest Man in Babylon ➜ amzn.to/2SUHStw
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ➜ amzn.to/2YUgjo4
The Bogleheads' Guide to Investing ➜ amzn.to/2STECPp
Timestamps: 0:00 Intro & useful context 5:15 Well known ways 7:43 Lesser known ways 14:09 Subscriber Shoutouts!
Attributions/SEO:
irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions
Rule of 50, Rule of 55
Rule 72(t)
Substantially Equal Periodic Payments SEPP
Traditional IRA
ROTH IRA
457 plans
SEP IRAs, Simplified Employee Pension Plan
Nondeductible IRA
Spousal IRA
SIMPLE IRA
Self-directed IRA
RMD required minimum distributions
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
Copyright © 2021 GenExDividendInvestor. All rights reserved.
#RetirementAccountPenalties #Rule72T #RetirementAccountWithdrawals
Secrets to Withdrawing Early from 401(K)s and IRAs
In this video I’m going to tell you ways that you can withdraw your money from retirement accounts before the normal age of 59.5 WITHOUT getting hit with a 10% penalty.
Bankrate 72t Calculator: bankrate.com/retirement/calculators/72-t-distribution-calculator
Federal Mid-Term Rate pbgc.gov/prac/interest/historical-applicable-mid-term-rates
Chat with me on my free Dividend Discord Chat Server ➜ discord.gg/kkSr5FY
Free $$$ for new M1 accounts: referral link signup ➜ https://m1.finance/AUzJllYh-gGh
Details about the free M1 $ ➜ bit.ly/3oR6AtW
Follow me on Instagram ➜ instagram.com/genexdividendinvestor
Follow me on Twitter ➜ twitter.com/GenExDividend
To get access to my Spreadsheet 2.0 then please sign up as a Patreon Aristocrat or King (and double check my Patreon site to ensure I’m still offering access, as I only have limited seats available). You also get other perks for signing up including the ability to watch my videos on my Discord before I release them to the public, and the ability to vote on what thumbnail I’ll use in some of my future videos, and you gain direct access to me.
Support me & get Patreon perks ➜ patreon.com/genexdividendinvestor
My Dividend Merch Store ➜ teespring.com/stores/genexdividendinvestor
Donate to St. Jude’s Children Hospital: stjude.org/donate/donate-to-st-jude.html?sc_icid=header-btn-donate-now
Please use my Amazon Affiliates Link ➜ amzn.to/2YLxsiW
Thanks! As an Amazon Associate I earn from qualifying purchases. That means I get a small commission for each purchase you make after you click on my link and you shop, but it doesn’t cost you anything extra. It is a great way you can show your support for my channel. Please tell me if you do that, so I know who my big supporters are!
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
Get more great info - Subscribe! ➜ youtube.com/c/GenExDividendInvestor?sub_confirmation=1
Share this Video ➜ youtu.be/OgVf4HpntRQ
Watch this Video next ➜ youtu.be/ouvXUm-oWHU
Feel free to ask questions on Instagram, Twitter, Reddit, email, or here on YouTube. Listen to my videos as Podcasts on iTunes, SoundCloud, Spotify, Castbox.fm, etc.
My Dividend Portfolio on M1 ➜ https://m1.finance/d7HNu-IgtL0Q
My Referral Link to M1 for free $ ➜ https://m1.finance/AUzJllYh-gGh
Reddit ➜ reddit.com/user/GenXDividendInvestor
Listen to my Videos as Podcasts on iTunes ➜ podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524
Listen to my Videos as Podcasts on SoundCloud ➜ soundcloud.com/genexdividendinvestor
Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
The Intelligent Investor ➜ amzn.to/2WPwgtj
One Up on Wall Street ➜ amzn.to/2YTDAXt
Rich Dad, Poor Dad ➜ amzn.to/2SUCwOZ
The Richest Man in Babylon ➜ amzn.to/2SUHStw
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ➜ amzn.to/2YUgjo4
The Bogleheads' Guide to Investing ➜ amzn.to/2STECPp
Timestamps: 0:00 Intro & useful context 5:15 Well known ways 7:43 Lesser known ways 14:09 Subscriber Shoutouts!
Attributions/SEO:
irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions
Rule of 50, Rule of 55
Rule 72(t)
Substantially Equal Periodic Payments SEPP
Traditional IRA
ROTH IRA
457 plans
SEP IRAs, Simplified Employee Pension Plan
Nondeductible IRA
Spousal IRA
SIMPLE IRA
Self-directed IRA
RMD required minimum distributions
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
Copyright © 2021 GenExDividendInvestor. All rights reserved.
#RetirementAccountPenalties #Rule72T #RetirementAccountWithdrawals
