UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: mtrhd Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: early retirement Date: 1/25/2001 1:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
What if I want to retire before 59 1/2? Will I just have to eat the tax penalties? Or does anyone suggest that I have an additional taxable savings that I can draw from till I am 59 1/2? I am 28 now and I have been contributing to a 401K style fund that I have through the government (S&P 500 Index I put in 10% they match 5). I work for the Air Force as a civilian and I am also a commisioned officer in the Army National Guard. So I will have another retirement but I cannot collect my military retirement until I turn 60. So is there anything I can do to bridge the gap between say ages 45 to 50 when I would like to retire until I turn 59 1/2 and can start drawing from my fund and 60 when I start getting a check from Uncle Sam. I plan to continue eliminating debt and be completely debt free by age 45.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement