Do you dream of being free of the 9-5?
If you dream of leaving the grind of the 9-5, then you’re in the right place because we’re changing the rules of retirement! Retirement is no longer defined by sitting in your easy chair for your remaining years. Retirees are no longer defined by their ages or the color of their hair. We don’t want our grandparents’ retirement. We want to make the rules for our own retirement.
72tNET is here to inspire, teach and support you so you can plan to break out of the need for a 9-5 income and do what you love to make the world a better place.You can access your retirement funds before 59 1/2!
Gone are the pensions of yesteryear, and good riddance. Pensions tied us to our companies until the company determined when we could retire. Individual retirement accounts such as 401(k)s and IRAs and others give us the flexibility to invest on our own terms. Best of all, there is a little-known provision called 72t which allows us early access to our retirement funds before age 59 1/2. With careful planning the 72t rule allows legal access to the funds in your retirement accounts as an income stream, without penalties. The 72tNET website is for those who want to build their knowledge and confidence before taking the plunge into early retirement.
Join us as a member and we’ll show you how.The 72tNET community is a friendly group of like-minded individuals, and many of our members have been associated with the community for many years. We encourage you join in on the conversations happening around the site in our forum and blog comments section. More voices mean more benefit to the entire community.
Latest Posts
Understanding Spending
The first step in the SEPP Journey is to understand your spending. Early retirees necessarily need to be good with money and have significant savings. Building your savings means spending less than your income, and that’s not easy to do these days with Amazon available at the click of a mouse and Starbucks around every corner. If you’re just starting out in your journey to early retirement, this article will help you measure your spending […]
Continue reading→Top Things NOT to do When Planning Early Distributions
This article contains the actions others have taken in the past which have been detrimental to their SEPP Plans. I expect this list will continue to grow as time goes on and more early retirees take advantage of the 72t exceptions. Each action listed below will be the subject of its own article shortly. The SEPP (Substantially Equal Periodic Payments) exception of the IRC Section 72t is the most commonly discussed, so the article has […]
Continue reading→Top 15 Things TO DO When Planning Early Distributions
In this article I want to share a list of steps you can use for planning early distributions from your retirement accounts. Each step will be the subject of its own article shortly. The SEPP (Substantially Equal Periodic Payments) exception of the IRC Section 72t is the most commonly discussed, so the article has a bent towards that subject. However, this article can also be applied to other exceptions (Medical, Disability, College, etc.). Disclaimer: While […]
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