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Financial situations around early retirement today on YMYW: Shane and Ilya are 38 and 37. Ilya has a big federal pension and lifetime health insurance waiting for him at age 50, but he needs out of his job now. Can they still retire early? Rip...
How much can you actually spend in retirement without running out of money? That’s today on Your Money, Your Wealth® podcast 604 with Joe Anderson, CFP® and Big Al Clopine, CPA. Longtime listener E-Dog built a fifty-year backtest spreadsheet to call out Big Al and...
George and Louise in Queens bring in $600,000 a year. Should they keep working just to do Roth conversions? Cher and Sonny in Oregon wonder if they can retire in a couple years at 59 and 60, and whether the mega backdoor Roth belongs in...
Joe Anderson, CFP® and Big Al Clopine, CPA are spitballing on whether Roth conversions actually pay off, today on Your Money, Your Wealth® podcast number 602. “Ozzie and Harriet” in Lafayette, Louisiana are 67, and Ozzie’s spreadsheet says converting from their $7 million IRA costs...
John in Oklahoma is 75, sitting on a million dollars in traditional IRAs, and he’s got a whole list of reasons NOT to convert. Is he right? Jonathan and Jennifer in Phoenix have over six million dollars in tax-deferred accounts. How much should they convert,...
Joe and Big Al spitball for Eeyore and Nurse Kathi: retired in Orlando, both 65, and they swear they’ve never heard this one on the show before: is a full Roth conversion strategy the way to go, or is there a point where you should...
Joe and Big Al spitball retirement planning for high net worth couples: Gary in Pennsylvania is 54 with $10 million, and get this, he still can’t decide whether he can walk away from work, or if he needs to grind out a few more years....
Paul and Angela in Florida are 52 and 45. What’s the earliest the two of them can walk away from work at the same time, so Paul can spend a whole lot more time in the boat? That’s today on Your Money, Your Wealth podcast...
Michael, K & J, and Tracy all need retirement spitballs and Roth conversion plans, but they didn’t share one of the most important numbers in retirement planning: how much they actually want to spend. Today on Your Money, Your Wealth® podcast number 592, Joe Anderson,...
B and S in Maryland are in their mid-40s with $425,000 and a couple of rental properties. Can they retire early at 62? Vee in Oregon came to the US as a refugee with nothing and built a three and three-quarter million dollar portfolio from...
Joe and Big Al spitball for people with a small fortune sitting in pre-tax accounts, turning into a tax bomb. We’ll find out how Roth conversions and careful tax liability management can optimize their retirement income strategy. Eric in California is 72 with nearly $4M...
Half of Americans admit they have zero retirement preparedness. Most don’t even have real income plans. Joe Anderson, CFP® and Big Al Clopine, CPA walk through actual cash flow projections, market loss recovery strategies that don’t blow up your timeline, and the Medicare enrollment and Social Security calls that can make or break your plan. Retirement […]
The margin loan debate continues today on Your Money, Your Wealth® podcast number 589. Jack and Jill, longtime listeners who recently moved from the UAE to Australia, want a sanity check on using margin loans (AKA pledge loans) to build and live off their portfolio....
11 rapid-fire spitballs today from Joe and Big Al on Your Money, Your Wealth® podcast number 587, on everything from Roth conversions and RMDs to whether a guy named Wayne can finally treat himself to a $75K Audi. Aaron in Syracuse just hit a million...
“Walter and Skyler” in Iowa ask if they’re on track to retire early, or if they’re just “cooking up overconfidence?” And how aggressively should they convert their retirement savings to tax-free Roth money before the pension and Social Security kick in? California Dreamin’ has it...
