Where To Pull Income From When You Retire Early
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 585 Ratings
🗓️ 19 September 2022
⏱️ 18 minutes
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Summary
Transcript
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| 0:00.0 | A very warm welcome to the early retirement show, the show dedicated to helping you navigate |
| 0:05.3 | the nuances of an early retirement, a non-traditional retirement. Now let's get right into the episode |
| 0:11.7 | so we can learn how to retire early. Hello everybody and welcome back to the early retirement |
| 0:17.9 | podcast. Once again, I am your host Ari Taoblieb, and I help people |
| 0:22.0 | retire early. And that is exactly what we're going to be talking about today. How do you retire early? |
| 0:27.4 | And by retire early, when I say that, for most people, they're going, Ari, what are you talking |
| 0:31.9 | about when in terms of early retirement? Is there a specific age? And there is, when people think of an |
| 0:37.1 | early retirement, they tend to think of |
| 0:39.1 | between 50 and 65. So not an exact number, but if traditional retirement is age 65, well, between age 50 and |
| 0:47.2 | 65 will often be known as that early retirement age, but it can really still be in your early 40s. |
| 0:53.5 | It can be your later 40s. There's really not an |
| 0:55.4 | exact science to it. I created this podcast because I want people to know when they are in a |
| 1:00.0 | position where work is now optional, where if you love doing what you do, great, keep doing it. |
| 1:04.8 | I'm not saying stop, but if you don't love doing what you do, well, then maybe we should consider |
| 1:09.7 | switching careers or should we consider |
| 1:11.8 | retiring, which sometimes can have a negative connotation to it, but it doesn't have to be. |
| 1:17.2 | Retiring doesn't have to be this really scary new phase of life. It can be a, wow, I can |
| 1:23.1 | really do whatever it is I want with my time and it's going to feel weird, especially if you've worked |
| 1:27.9 | for 20, 30, 40 plus years. And it's supposed to feel weird. If it didn't, I would be more concerned. |
| 1:33.7 | So that is what we're going to be talking about today. Specifically, when you do retire, |
| 1:38.6 | where do you pull income from? Especially with an early retirement, there are additional considerations |
| 1:43.6 | because if you want to retire, |
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