Where HSAs Fit in Planning

In this episode, I talk with Cody Berman and Sean Mullaney about what it really takes to reach early financial independence. Cody shares how he built a $4.8 million net worth by 29 through frugal living, intentional spending, and creating multiple income streams, while Sean breaks down the smartest tax strategies early retirees use to access money sooner and keep more of what they earn.

We cover how to effectively use 401(k)s, Roth IRAs, HSAs, and taxable accounts together, plus key tactics like the Rule of 55, Roth conversions, and tax arbitrage that can dramatically lower your lifetime tax rate. Sean makes complex tax planning simple and actionable for anyone pursuing FIRE.

Whether you’re just starting your wealth-building journey or planning an early retirement, this episode delivers practical strategies to grow wealth faster and design a flexible, purpose-driven financial future.

CHAPTERS 🎧

00:00 – Welcome & Episode Overview

01:10 – Best Accounts for Early Retirement

02:45 – Why Traditional 401(k)s Still Matter

04:55 – Accessing Retirement Money Before 59½

07:10 – Roth IRAs for Early Retirement Flexibility

11:45 – Using Taxable Accounts to Retire Early

14:10 – Tax Rate Arbitrage & Keeping Taxes Low

18:45 – HSAs, ACA Planning, and Early Retirement

23:10 – Financial Independence with Purpose

26:00 – Net Worth Win: $4.8M by Age 29

27:45 – Cody Berman’s FIRE Origin Story

32:00 – Quitting Corporate & Scaling Income Fast

37:00 – Building Multiple Income Streams

41:45 – Net Worth & Asset Breakdown

46:25 – Debt, Risk, and Long-Term Wealth Strategy

50:55 – Spending, Lifestyle, and Life After FI

52:55 – Advice for Your 20s & Getting Started

55:00 – Final Thoughts & Where to Connect

Resources and Links 📚

My new book, "Own Your Time" - https://marriagekidsandmoney.com/book

Sponsors and Additional Resources

https://marriagekidsandmoney.com/resources

FI Tax Guy (Sean’s blog & tax planning resources): https://fitaxguy.com/

Cody Berman’s official site (passive income guides & resources): https://codydberman.com/

The Financial Independence Show (podcast by Cody Berman & Justin Taylor): https://podcasts.apple.com/us/podcast/the-financial-independence-show/id1434155196

Gold City Ventures (Cody’s company focused on passive income and online business): https://goldcityventures.com/

Gold City Ventures on YouTube: https://www.youtube.com/c/goldcityventures

Credits

Editor: Johnny Sohl

Podcast Artwork: Kayli Johnson

NOTE:

The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Andy and Marriage Kids and Money do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services. 

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