Hello everyone,
I am new and wish to thank all of you for this valuable info; nothing like wisdom coming straight from those with the experience!
I'm 46 and my ER goal is 55. I've been thinking about retirement for several years now and have learned a lot but still have questions. I'd greatly appreciate any feedback.
1.) The 401(k) early withdrawal, before 59.5, rule: I've heard of this but what are the details? Is there a gov. web site that spells out the rule(s)? Or is it simply: "you must take the same amount for 5 yrs straight until age 59"?
2.) During retirement, are investment gains in my Roth 401(k) considered
taxable income? Or do they accumulate tax-free as they do now (pre-retirement)?
3.) Early retirement with part-time work would be great. Does anyone have sources on how to find part-time work other teenager jobs? I'm a software developer and love it, however, I'd love to work just 2-3 days. I could contract out writing software, but have no resources for finding those opportunities.
4.) For health insurance, I found Medi-Share® is the Biblical Healthcare Solution to the rising cost of health insurance., which is not insurance but in essence pays any bills. Any thoughts or experience on these types of coverages?
Thanks in advance!
Bob
I am new and wish to thank all of you for this valuable info; nothing like wisdom coming straight from those with the experience!
I'm 46 and my ER goal is 55. I've been thinking about retirement for several years now and have learned a lot but still have questions. I'd greatly appreciate any feedback.
1.) The 401(k) early withdrawal, before 59.5, rule: I've heard of this but what are the details? Is there a gov. web site that spells out the rule(s)? Or is it simply: "you must take the same amount for 5 yrs straight until age 59"?
2.) During retirement, are investment gains in my Roth 401(k) considered
taxable income? Or do they accumulate tax-free as they do now (pre-retirement)?
3.) Early retirement with part-time work would be great. Does anyone have sources on how to find part-time work other teenager jobs? I'm a software developer and love it, however, I'd love to work just 2-3 days. I could contract out writing software, but have no resources for finding those opportunities.
4.) For health insurance, I found Medi-Share® is the Biblical Healthcare Solution to the rising cost of health insurance., which is not insurance but in essence pays any bills. Any thoughts or experience on these types of coverages?
Thanks in advance!
Bob
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