Are you ready to quit work or begin a financially independent lifestyle?

Here are five strategies to help you retire early and avoid paying early withdrawal penalties.

Hey everyone, my name is Laura Adams and I appreciate you downloading the show and spending some time with me.

I'm a personal finance author and have hosted the Money Girl podcast since 2008.

I also partner with select brands for PR and marketing work as an on-camera spokesperson, voice over talent, and multimedia creator.

Here on Money Girl, my mission is to help you get the knowledge and motivation to prioritize your finances, build wealth, and have more security and less stress.

That's the name of the game.

So every episode is like a mini training, mini money training designed to help you take your financial life to the next level.

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Today's episode is number 736, called 5 Strategies for Retiring Early and Without Penalty.

I hope it will answer a recent question I received from Judy H. She says,

I'm 31 years old and contribute 15% of my income to my Roth 401k and my employer contributes 6% in matching funds to my traditional 401k.

I've saved about $100,000 for retirement, I own a home with a mortgage and have no other debt.

I was diagnosed with chronic illness and have about a 50% chance of needing to retire early, like by age 50.

I'm worried about not being able to access my money early before the official retirement age of 59 and a half.

However, I did get long-term disability insurance before my diagnosis.

What adjustments, if any, should I make in my retirement planning?

Judy, thank you so much for your question.

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