75. Navigating early retirement options and "bridge years"
6.25.24 - 75. Navigating early retirement options and "bridge years"
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In this episode of the 'Coaches, Consultants, and Money' podcast, hosts Erica and Ben Goode delve into key personal financial decisions surrounding early retirement.
They cover the practicalities of planning for early retirement, including tax-efficient savings strategies, the implications of withdrawing from retirement accounts at different ages, and utilizing credit card points creatively for financial benefit. The episode concludes with tips for financial planning, including consulting with financial advisors, and encouragement for listeners to consider their unique financial situations and goals.
04:22 Exploring the Concept of Early Retirement
07:08 The Realities and Strategies of Planning for Retirement
12:35 Understanding Social Security and Retirement Savings
17:34 Navigating Early Withdrawals and the Rule of 55
19:38 Navigating the Rule of 55 with a Solo 401k Plan
24:10 The Concept of Bridge Years in Retirement Planning
28:18 Understanding Expenses and Savings for Early Retirement
37:54 Seeking Professional Financial Advice
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Connect with Ben | LinkedIn
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