#job-burnout

[ follow ]
#retirement-planning #early-401k-withdrawal #financial-decision-making #career-transitions #inherited-ira
fromSlate Magazine
1 day ago

I'm Totally Burnt Out on Work. I Know How I Can Get Some Freedom, But My Friend Warns That It'll Ruin Me.

Once you withdraw from your 401(k) early, taxes (24 percent federal, plus applicable state taxes) and the 10 percent early-withdrawal penalty will take a big chunk of that $80,000. Your remaining funds-about $50,000-might still take you far, but also might go faster than you think.
Relationships
Real estate
fromwww.morningstar.com
1 month ago

'I'm ready to walk away': I have $400K in retirement savings and want to quit my job of 30 years. Can I do it?

A 62-year-old with $227,520 in a 401(k), ~$180,000 inherited IRA, $80,000 savings, and $1,900 Social Security contemplates retirement using the IRA to bridge to Medicare.
Retirement
fromBusiness Insider
9 months ago

Meet the Americans secretly working multiple remote jobs to afford early retirement - and making up to $300K

Many Americans are secretly juggling multiple remote jobs to boost retirement savings and achieve early retirement.
[ Load more ]