There are huge tax breaks for the middle class
Mortgage
Health savings
Ira
401k
72t the absolute jewel
There are huge tax breaks for the middle class
Mortgage
Health savings
Ira
401k
72t the absolute jewel
Thanks for asking I'm a finance nerdHey, Dude, 72T could you educate me on that one, how do you use it? Thanks
Thanks for asking I'm a finance nerd
It allows you to retire on your 401k prior to 59
Which is why I did it.
The massive benefit is you are taxed as if you live on interest from a tbill.
So I was able to shelter 200,000 from taxable income in 18 months
And I get 5 more years of my favorite tax code.
There are huge tax breaks for the middle class
Mortgage
Health savings
Ira
401k
72t the absolute jewel
Thanks for asking I'm a finance nerd
It allows you to retire on your 401k prior to 59
Which is why I did it.
The massive benefit is you are taxed as if you live on interest from a tbill.
So I was able to shelter 200,000 from taxable income in 18 months
And I get 5 more years of my favorite tax code.
I took your teabagger ass off ignore so you could brag about spelling and grammar!$200K goes a long way when you live in a trailer home in the woods. One less dimwit feeding from the public trough; that's a good thing.
Thanks for asking I'm a finance nerd
It allows you to retire on your 401k prior to 59
Which is why I did it.
The massive benefit is you are taxed as if you live on interest from a tbill.
So I was able to shelter 200,000 from taxable income in 18 months
And I get 5 more years of my favorite tax code.
So you went broke shorting the marketSo you are a tea bagger?
So you went broke shorting the market
Butthurt teabagger
I took your teabagger ass off ignore so you could brag about spelling and grammar!
You must be a grade school teacher
I'm not surprised teabaggers are financially illiterate.
So pick on spelling
Lolz
No I did not go broke shorting the market. But, maybe you know better what is in my portfolio than I do?
I find it interesting that you list a bunch of tax breaks that you claim identifies one as a tea bagger then admit to taking advantage of said tax break meaning you are a tea bagger. Maybe logic and critical thinking isnt something you excel at?
What is your degree inNot a grade school teacher; just a college graduate who can write and spell better than middle schooll dropouts like you.
So what age did you retire at to take advantage of that obscure 72T law, and what payout method did you choose?
What is your degree in
I retired at 52
Chose the highest payout, though all three methods yield a similar amount.
You don't know me
I can't spell and would fail a seventh grade English test now so save the cheap insult.
I might not be the most financially sophisticated person on the board (super freak, cawacko)
But I'm in the top 5
I retired at 52
Chose the highest payout, though all three methods yield a similar amount.
Please tell me your majorSo based on what you are claiming, your monthly payout amounts to about $1,200 a month until you reach 59 1/2. Hell fool, that wouldn't pay my car payments!! Good thing you live in a trailer home in the back woods eh?
Save the cheap insults? This from a dullard who roams the forum in search of threads to troll with cheap insults; you have achieved the pinnacle of stupidity with this one dullard.
So how does one live on $1,200 a month? That is a fascinating thing and I say bravo that you have found a way to live below the poverty rate and still afford an internet connection; but it beats others of your ilk who are wards of the state suckling on the efforts of others. How do you do it?