So many economic predictions for the year have proved incorrect. Since even the brightest economists don’t have a crystal ball, planning your retirement based on economic, market, or investment predictions can lead you astray. Instead of...
Show Notes
So many economic predictions for the year have proved incorrect. Since even the brightest economists don’t have a crystal ball, planning your retirement based on economic, market, or investment predictions can lead you astray.
Instead of basing your retirement plan on wishful thinking, learn how to create a strategic retirement plan based on agency.
Today, and during this entire Roth IRA series, we’ll see how you can use Roths to enhance your retirement plan. Listen to this episode to hear whether you should be making Roth contributions to help fund your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT
- [5:48] How to make Roth IRA contributions
- [8:04] How backdoor Roth contributions work
- [13:47] The difference in the Roth 401K
LISTENER QUESTIONS
- [19:45] Envisioning family legacy options
- [28:08] Spousal Social Security benefits
- [31:26] Optimizing taxes and estate planning
BRING IT ON WITH KEVIN LYLES
- [39:20] On designing a phased retirement
- [45:02] Make sure your phased retirement isn’t an excuse to not retire
TODAY’S SMART SPRINT SEGMENT
- [47:30] Examine whether you should be making Roth contributions
What is Retirement Answer Man?
A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com