Minding the Special Withdrawal Rules
Retiring early means either that you’ll depend on your nest egg longer than most folks because you’re starting to draw from it at a younger age, or that you’re planning to downshift your career to a point that you’ll earn just enough to cover expenses without drawing from your nest egg, but you won’t have the surplus cash to invest into it, either. No matter which flavor of early retirement you’re planning for, it’s still important to be extra careful to organize your accounts for income and convenience and to take advantage of special tax rules to save money.
Planning for Income
Money wasted on taxes is money you won’t be able to spend in retirement. If you’re planning to continue earning at least some ...