I want to tell you a story about accessing tax-deferred funds in an IRA or 401k before age 59.5 without paying a penalty. But first I’m going full out White Fang on you.
A trapped animal will do just about anything to get free. When you get caught, normal rules of comportment and demeanor are sloughed off to make room for the demands of the primordial will to live. It’s all about survival. Adrenaline rushing, pumping through arteries and veins, clouding the judgment and dulling the pain, the wild animal will chew it’s own leg off to disengage itself from a trap. It’s all about survival.
You’ll have to keep reading to figure out what this has to do with accessing tax deferred accounts without paying a 10% penalty.
Mexico – the land of kidnappings, drug gangs, shoot outs in the streets, massive criminal organizations in armed conflict with the corrupt police. That type of sensationalism works well if you want to sell newspapers or get clicks on a “news” website. The reality is that most of the country is very peaceful. However, the states bordering the US tend to have the most security issues along with a few other areas of the country.
I took a look at the US Department of State Travel Advisory on Mexico and checked out each state we might visit on our trip. The result? All states we intend to visit have no listed security concerns except the Estado de Mexico.
March has come and gone and left our net worth largely unchanged from it’s lofty heights of a month ago. We brought in a bunch of income yet spent a relatively modest amount in spite of focusing a lot of time and effort on spending more money.
What does a seven week trip through Mexico cost? For us, it’s just over $1,000 per week. The budget comes to $7,668 for all lodging, food, transportation, entertainment, and miscellaneous expenses.