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Same here, this is why my goal is to simply FI not RE. Once I FI'ed, then I can take whatever job I want based on fun or personal aspiration.
by didip 5y ago
Same here, this is why my goal is to simply FI not RE.
Once I FI'ed, then I can take whatever job I want based on fun or personal aspiration.
- SavantIdiot 5y agoWaiting ~6 more years to hit 59.5 so I can try to do exactly this and draw from my IRA w/o penalty. (I did some research into Roth conversion to avoid penalties but you can only withdraw a certain amount and only for certain items, not general expenses.)
- stocknoob 5y agoLook up the 72t election. You can withdraw from an IRA tax free, no penalty, you just need to set up a schedule. The government wants to encourage saving, and penalizes people from random large withdrawals for impulse buys. Careful, scheduled withdrawals are allowed.