Early Retirement Withdrawals & Capital Gains Tax Explained - 441

Published: Aug. 8, 2023, 11 a.m.

Does the math work for Chris\u2019 early retirement plan? What\u2019s a safe retirement withdrawal rate for Luke, who wants to be part of the financial independence / retire early or FIRE movement - and what does Joe have against FIRE? Plus, Jake is about to change jobs, can Joe and Big Al uncover any tax planning opportunities for him? The fellas also explain capital gains tax for our buddy Carl Spackler, and they spitball on those capital gains when it comes to selling a house for Olga and for LJ, and Jim wonders about the impact of selling a house on Affordable Care Act subsidies.\xa0

Timestamps:

  • 00:54 -\xa0Early Retirement Spitball: Does the Math Work? (Chris, Philadelphia)
  • 04:27 - FIRE Withdrawal Rate for Long-Term Capital Preservation? (Luke, Ft. Collins, CO)
  • 14:26 - We\u2019re 38 and 33. Any Tax Planning Opportunities Before I Change Jobs? (Jake, VA)
  • 20:48 - Capital Gains Tax Explained (Carl Spackler, FL)
  • 23:55 - House Sale Tax Strategy (Olga, Chula Vista)
  • 26:32 - Do I Need to Worry About Investment Property Sale Proceeds? (LJ, Philadelphia)
  • 30:46 - How Will Selling a Home Impact ACA Subsidies? (Jim, Santa Cruz)
  • 35:52 - New One Star and Five Star Reviews
  • 38:10 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-441\xa0

  • Guide to Cracking the Financial Code at Any Age
  • FIRE interviews on YMYW
  • Spitballing Retirement Planning in Your 30s (YMYW podcast 391)
  • 6th Annual YMYW Podcast Survey - one randomly-chosen participant will win a $100 Amazon e-gift card!
  • Episode Transcript
  • Ask Joe & Big Al On Air for your Retirement Spitball Analysis