3037: Investment Workshop 42 - Double Fisting Your Retirement Accounts by Wanderer of Millennial Revolution

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 11 February 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3037: Wanderer of Millennial Revolution breaks down how certain workers, like educators, healthcare professionals, and government contractors can contribute to multiple tax-advantaged accounts simultaneously, slashing taxable income by tens of thousands of dollars. Many employees miss out simply because HR departments don’t advertise these options, but knowing the rules can help accelerate financial independence and early retirement. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-42-double-fisting-retirement-accounts/ Quotes to ponder: "This is a guy who deliberately took on student debt because he was able to somehow get it at a rate of 0.75%, then turned around and invested it in treasuries and made money off it." "It’s possible to qualify for multiple accounts at the same time." "If you don’t take advantage of it, that contribution room is gone forever." Episode references: How to Access Retirement Funds Early - Mad Fientist: https://www.madfientist.com/how-to-access-retirement-funds-early/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:17.5	Subscribe to the average Joe now. This is Optimal Finance Daily. Investment Workshop 42, double-fisting
1:27.2	your retirement accounts by W wanderer of millennial
1:30.2	revolution.com. So a few weeks ago we were in Germany and I met up with a fellow blogger
1:37.0	Justin McCurry from rootofgood.com who was also traveling through Europe with his lovely wife and family
1:43.4	at the time. And in our
1:45.0	booze-socked afternoon, the topic of taxes inevitably came up. Shut up. Don't judge. This is how
1:51.7	conversations with fires usually go. Anywho, the thing about Justin is that he's a master lifehacker.
1:58.7	I mean, all of us five people are life hackers, but Justin takes it to a level
2:02.6	that impresses even me. This is a guy who deliberately took on student debt because he was able to somehow
2:08.9	get it at a rate of 0.75%, then turned around and invested it in treasuries and made money off of it.
	...

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