Hello and welcome to Rouse Finance (the sister site of retirement planning site GCBA), your hub for financial and marketing advice. Today we’ll talk about early retirement and how you can accomplish that for yourself. So the question reads, “Hi Rouse, I’m 56 and would like to retire early and visit Rome. My husband is already retired, but I have my own personal IRA. How can I accomplish this?”
Okay, first things first, this shouldn’t be considered professional advice, read, this is just my educational opinion. For more information on all I’m going to discuss, please speak with a financial or tax professional. With that being said, definitely, there’s an IRS stipulation called 72t, that allows for pulling from your retirement account as long as you do it through 5 substantially equal, periodic payments (also know as SEPP).