7 Ways to Avoid Early Retirement Tax

<p dir="ltr">Advocates of FIRE (Financial Independence Retire Early) often talk about the end result of using their model: freedom with your time, money, and resources. And far be it from me to argue with those concepts. I am not anti-FIRE – after all, I want you to find financial freedom so you can practice medicine because you want to and not because you have to.</p> <p dir="ltr">However, what we’ve found is that FIRE proponents don’t often talk about the actual path to financial freedom – the how of it all, and what it actually looks like once you reach your early retirement goal. </p> <p dir="ltr">Specifically, how do you even access your retirement funds ahead of time? Because there’s a 10% tax penalty for early retirement withdrawal before you reach age 59 and a half. And that’s on top of the amount you’re already set to be taxed for using pre-tax funds. </p> <p dir="ltr">So… what gives?</p> <p dir="ltr">If you want to retire by age 45 or 50, you have to know how to bridge that 10% gap. So we’ve compiled several different options you can research (because personal finance is personal) and make educated choices towards your own early retirement goals.</p> <p dir="ltr">Looking for physician specific disability insurance → Check out <a href= "https://www.setforlifeinsurance.com">www.setforlifeinsurance.com</a> </p> <p dir="ltr">Looking to increase your financial literacy?  Check out Medical Degree Financial University → <a href= "https://www.MDFU.co">www.MDFU.co</a> </p> <p> </p>