Association of Civilian Technicians
Description: When it comes to financial independence and retiring early (FIRE), taxes can make or break a financial plan. Early retirees, defined as people retiring in
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When it comes to financial independence and retiring early (FIRE) taxes can make or break a financial plan. Early retirees, defined as people retiring in their 20s, 30s, 40s and 50s, are in a unique scenario requiring specialized tax planning to optimally navigate tax code designed for people roughly twice their age.
Retiring well before traditional retirement age poses unique challenges and lucrative opportunities when it comes to social security eligibility , early, penalty-free access to retirement accounts and legitimate ways to never pay taxes again . In this guide we’ll explore each of these topics and provide concrete, actionable takeaways to approach, achieve and embrace early retirement in the most tax-efficient way possible.
Association of Civilian Technicians