Howdy mighty Mustachians!
I'd like to understand, with specific examples, what accounts can be used to withdraw from prior to 59.5 years of age?
If the goal was not to retire early, but take a lump sum of $500k, and put it in an account and draw on the dividends as a "part-time" income (let's say), what would that look like specifically? What account would be needed, how much taxes would need to be paid, how would that affect an individuals current tax situation (based on full-time income), etc.? For this question, let's say that $500k was not in a retirement (401k, roth, or std. IRA account).
Thanks in advance!!!