ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 24: Retiring Before 59.5 Rulebook

Planning to retire before age 59.5? Most ER Docs are. But have you thought of where you will withdraw money from before you hit the IRS’ definition of “retired” at 59.5?

You’ll have put lots of effort into accumulating assets to gain financial independence. An equal amount of effort has to go into deploying the strategy for withdrawing from your assets. And there’s a lot to consider: different account types, taxes, penalties, and capital gains. Getting clear and planning for this strategy is paramount ahead of time.

Topics Discussed:
  • How to access money from a retirement fund.
  • What happens if you retire before age 59.5.
  • How to become financially independent.
  • What Barista Fire means.
  • How to fund your cost of living before you are 59.5.

Resources Mentioned:  


financial plan, ER, ER doctor, physicians, Finances, Jonny McMullen, Scott Wisniewski, retirement