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How to Access Retirement Funds Early
This author advocates ways to use 401k to compound pre-tax money and employer match contributions, letting it compound tax free over many years.
He even did the math and showed that with the early withdrawal 10% penalty, it still made financial sense because of the tax-free compounding.
Thoughts?
Debating which is the better path
1. Contribute only up to employer match amount, and use the funds
2. Contribute up to the max IRS limit of $18,000, let funds compound, and withdraw it for early retirement using the method described in the article.
This author advocates ways to use 401k to compound pre-tax money and employer match contributions, letting it compound tax free over many years.
He even did the math and showed that with the early withdrawal 10% penalty, it still made financial sense because of the tax-free compounding.
Thoughts?
Debating which is the better path
1. Contribute only up to employer match amount, and use the funds
2. Contribute up to the max IRS limit of $18,000, let funds compound, and withdraw it for early retirement using the method described in the article.
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