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> In contrast private retirement plans put the individual in charge of their own retirement (why should the government be telling you when to retire?) What cou
by EE84M3i 2y ago
> In contrast private retirement plans put the individual in charge of their own retirement (why should the government be telling you when to retire?)
What countries let you do this? I thought 401ks, for example, do not generally allow tax free early withdrawals.
- wakawaka28 2y agoA 401k allows no tax-free withdrawals. On top of the taxes there are additional penalties if you take the money early, with few exceptions.
- javagram 2y agoEarly retirement can be done through https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments#q2 https://www.irs.gov/retirement-plans/substantially-equal-per...
- ndriscoll 2y agoA better, more flexible strategy is Roth conversion laddering: https://www.investopedia.com/how-roth-conversion-ladder-works-5214808 https://www.investopedia.com/how-roth-conversion-ladder-work...