In This Video:

An Employee Stock Ownership Plan (ESOP) is a great way to accrue value and build wealth for retirement. If you’ve benefited from an ESOP and want to cash out on the earnings you’ve generated to retire early, how do you do that without having to pay the 10 percent penalty?

Things to Consider:

In this episode, Scott will share four ways to take advantage of that ESOP before age 59.5 while avoiding that early withdrawal penalty that can really eat into your savings. This is a scenario that people often run into with ESOP plans because they can quickly grow in value and open you up to the possibility of an early retirement. By considering these strategic approaches to minimizing penalties, you’ll be able to make the most of your retirement savings.

Always remember that every plan is different so you want to understand your company plan and the rules associated with it before making any final decisions.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:59 – Strategy #1 – Save into a Brokerage Account

5:38 – Strategy #2 – Rule of 55

10:29 – Strategy #3 – Rule 72(t)

12:21 – Strategy #4 – Net Unrealized Appreciation

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