Rob and his wife in North Carolina are 51 and 44 and would like to retire in the next 3-5 years. Are they on track, and what should they consider as far as Roth conversions are concerned once the tax brackets go back up, which they’re slated to do when that provision in the Tax Cuts and Jobs Act sunsets at the end of 2025? Is Mark in West Virginia on track to retire at 59 and a half, and do Joe and Big Al have any pointers on how he can find the love of his life? Mike and Gina in Rhode Island are optimistic about retiring early at 61 and 58, but is their optimism delusional? Jake in rural Michigan is self employed. Can he do Roth conversions to retire at age 60 and hang with Big Al in Hawaii? Retirement readiness and Roth conversions, today on Your Money, Your Wealth® podcast 472 with Joe Anderson, CFP® and Big Al Clopine, CPA. But first, the fellas spitball on a retirement and real estate strategy for (50 Shades of) Grey and Elena in Massachusetts. Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-472
Timestamps:
Tax Loss Harvesting, Tax Gain Harvesting, Financial Advisor Value - 479
How to Manage Taxes When You Win the Lottery - 478
What’s the Break-Even Point on Roth Conversions? - 477
Which Mortgage for Early Retirement? What is Private Credit? - 476
Is Your Retirement Withdrawal Rate Too High? - 475
How to Take the Uncertainty of Taxes Off the Table - 474
Does Your Financial Advisor Just Want to Collect Fees? - 473
How Much Should You Convert to Roth IRA? - 471
Spitballing Retirement for Fat Wallets - 470
401(k) Ins & Outs, Roth Conversion Benefits, and Divorce Finances - 469
How Much to Save in Tax-Free, Tax-Deferred, and Taxable Accounts? - 468
What Does Retirement Look Like for You? - 467
Roth Conversions to Pay Less Tax on Retirement Withdrawals - 466
Personal Finance 101: How to Teach Teens About Money - 465
Tax Strategies, Backdoor Roth, Buy vs. Rent - 464
Retirement Investing, Roth Conversion Pros & Cons: YMYW Best of 2023 - 463
Can You Retire Early at Age 50 or 60? - 462
Roth & Retirement Spitball, Insurance, and the Origins of YMYW - 461
How to Invest: Bonds, CDs, and Roth Conversions - 460
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