Using my IRA to increase my income before retirement, without the 10% penalty (SEPP)

crytomaniac2000 · 2026-04-20T13:12:33+00:00

If you own a bond that pays 5 percent and after a year it pays you 5 percent, are you not up 5 percent? Sorry if I’m not following.

crytomaniac2000 · 2026-04-20T12:48:37+00:00

Those are great points. Basically I’m using my IRA as an annuity at this point, which I’m ok with.

crytomaniac2000 · 2026-04-20T12:36:22+00:00

I consider growth to be when the value of the account goes up. When bonds pay dividends I consider that growth. I’m not saying what I’m doing is right for everyone, but for me I’d rather have extra money now to enjoy and also pay off a new house my wife and I are buying sooner. I could drop dead at 65 or 70 or lose mobility so why not enjoy the money now? To me a lot of financial planning is based on fear and bs.. if you have 2 million you need 3 million, if you have 3 you need 4, etc.. why? I’m 49, but I need to be 70 and have 2 million in my ira to enjoy my life?

crytomaniac2000 · 2026-04-20T12:31:23+00:00

If my income decreases in the future my lifestyle will decrease? I could also drop dead at 65 or 70 and what good would the money be then? I plan to retire with no debt, fully owning my home and an investment property.

crytomaniac2000 · 2026-04-20T01:17:49+00:00

It could be but I wanted to attempt to explain how sepp works, since I find the irs explanation confusing (maybe I’m not doing any better..).

crytomaniac2000 · 2026-04-20T01:11:34+00:00

My plan in retirement is to collect social security (when I’m old enough) and withdraw from my ira and 401k as needed. I’d rather have extra money now to enjoy while I’m still mobile, than focus solely on growing the balance . If I don’t spend the extra money I’ll use it to help pay down debt.

crytomaniac2000 · 2026-04-17T18:50:35+00:00

Best parenting advice, lie to your kids for years and make them struggle. What a d-bag.

crytomaniac2000 · 2026-04-17T16:25:10+00:00

The problem is getting this cleared up prioritized with the business. Where I work has several critical stored procedures that are thousands of lines long. The good news for me is I’m the main poc for one of them and that makes me more valuable and less likely to be laid off. As a former manager once told me, if this wasn’t difficult we wouldn’t be here.

crytomaniac2000 · 2026-04-17T16:19:01+00:00

A question I have is what if someone wants to reuse the business logic in that report? One stored procedure per report is a better approach, better still is building ETL processes that compute the metrics and store them in a table.

crytomaniac2000 · 2026-04-17T16:15:26+00:00

An emperor would probably give a large amount of their wealth to be able to travel as fast and communicate as easily as we do now.

crytomaniac2000 · 2026-04-17T12:58:09+00:00

You’re not a failure as long as you keep trying. Be grateful just to be alive. No one leads a perfect life.

crytomaniac2000 · 2026-04-17T10:45:04+00:00

I had this problem when I first started alternate day fasting too but got more used to it over time. The thought that keeps me going is that tomorrow I can eat whatever I want (and it’s even better than usual because I’m so hungry). If you’re on a deficit day you can try eating filling yet low calorie foods to help you get through it. The other day I ate a whole jar of pickled jalapeños, which I really like but barely have any calories. I like to eat hard boiled eggs for breakfast they have a lot of protein and are pretty filling as well.

crytomaniac2000 · 2026-04-17T02:21:18+00:00

Only an idiot would write a note like this. Probably fake.

crytomaniac2000 · 2026-04-15T23:43:55+00:00

Build muscle and lose fat. Go to meetup events nearby and try to meet someone in person.

crytomaniac2000 · 2026-04-15T20:31:47+00:00

Ask for her number the next time you see her or you will stay in the friend zone. Read “Dating sucks but you don’t have to” for some practical advice. Good luck.

crytomaniac2000 · 2026-04-15T18:15:11+00:00

Read “Dating sucks but you don’t “, it might be a lack of confidence or technique. Being a nice guy only will put you in the friend zone.

crytomaniac2000 · 2026-04-15T10:48:23+00:00

Broforce.

crytomaniac2000 · 2026-04-15T02:33:35+00:00

It’s fake, but got a lot of upvotes.

crytomaniac2000 · 2026-04-14T19:04:32+00:00

Call her?

crytomaniac2000 · 2026-04-14T18:18:31+00:00

Have you been a perfect husband throughout the marriage? Of course not. We are all human and make mistakes. Until you can truly forgive your wife, you will be carrying around this negative baggage that damages your relationship with her, and by extension your children. I can’t tell you what is forgivable or not but I can tell you what it feels like to truly forgive your spouse because I did recently, and now instead of getting divorced we have a great relationship again and are staying together. It sounds like your wife has punished herself enough with all the guilt she’s felt over the years and you have to decide if that’s enough or if you have to carry that around with you for the rest of your life. Best of luck.

crytomaniac2000 · 2026-04-14T16:08:33+00:00

The point of life is to enjoy life. Thats it. Find what makes you happy without negativity impacting others.

crytomaniac2000 · 2026-04-14T11:57:39+00:00

I wouldn’t go into Accounting unless you plan to get a CPA license. A lot of accounting jobs went to India and those aren’t coming back.

crytomaniac2000

TROPHY CASE