Funding Retirement Before Age 59 1/2
During ChooseFI episodes 475 and 491, Sean Mullaney and I tackled funding early retirement and accessing retirement accounts before age 59 1/2.
One tactic we discussed is the 72(t) payment plan, sometimes referred to as a series of substantially equal periodic payments, a "72(t)," or a "72(t) SEPP."
72(t)s can be great, but they come with a downside: potential imposition of retroactive 10 percent early withdrawal penalties (and related interest) for missteps while on the 72(t) payment plan.