466: The Retirement Planning Roadmap: 401(k)s, Real Estate, Bonds & More

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 6 November 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you haven’t started your retirement planning yet, you’re not out of luck. Whether you’re in your twenties, thirties, forties, fifties, or sixties, there’s still time to get enough into your accounts so you can walk away from work and live life on your schedule. So, even if you’re starting late, fret not because today, we’ll walk through everything you need to know to get your retirement planning in gear! To help, The Motley Fool’s Robert Brokamp is joining us on the show! Robert, like many of us, started looking into investing when he was too broke to afford what he needed. Afterresearching index funds, compound interest, and basic investing, Robert thought, “Why isn’t everyone taught this?” This question inevitably led him to become a CFP (certified financial planner), join The Motley Fool, run the popular “Rule Your Retirement” service, and contribute to the Motley Fool Money podcast. Robert has been helping people reach their retirement goals for decades, and today, he’s here to help you do the same. This money masterclass will go through all aspects of retirement planning, from 401(k) contributions to individual stock vs. index fund investing, when annuities and bonds make sense for your portfolio, the future of social security, and why you may want to start spending MORE money before you retire. In This Episode We Cover Retirement planning 101 and how to get on track even if you haven’t started investing The good, bad, and ugly 401(k)s and how to know which one YOUR company has Individual stock investing vs. index funds for a faster-growing retirement portfolio Inflation-adjusted investments, annuities, and when buying bonds makes sense The BIGGEST regret retirees have once they’re able to leave work The EXACT portfolio Mindy and Scott would build for an ample retirement And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Bill Bengen (4% Rule) FIRE by 50: How to Have FUN on Your Journey Toward Early Retirement by Mark Trautman Learn More from Robert The Motley Fool The Motley Fool Money Podcast Rule Your Retirement Extraordinary Popular Delusions and The Madness of Crowds Immediate Annuities J.P. Morgan’s Guide to Retirement Open Social Security Retirement Planning Module TIPS Watch TreasuryDirect Click here to check the full show notes: https://www.biggerpockets.com/blog/money-466 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the BiggerPockets Money Podcast where we interview Robert Brokamp from the Motley Fool and talk about planning for retirement.
0:06.1	Hello hello hello my name is Scott Trench and with me as always is my electric co-host Miss Mindy Jensen. How you doing today, Mindy?
0:14.3	Scott, I did a thing.
0:16.5	Yeah, I heard we have some charged news.
0:19.2	Yes, yes, I am super excited to announce that I am finally the owner of a Tesla model why.
0:29.7	We went and picked it up this morning, so finally I can stop harassing Carl about buying a model
0:36.4	Y and now he can harass me about getting to drive it because I am taking over and I am commandeering his vehicle.
0:44.3	So sorry sweetheart, you're going to have to buy another one if you want to be able to
0:48.0	drive your electric vehicle.
0:49.3	Fantastic Mindy.
0:50.7	We'll continue with the automatic driving and I'll keep us going here with Mindy and
0:56.2	I are here to make financial independence less scary, less just for somebody else to introduce
1:00.7	you to every money story and every possible plan to early retirement or traditional retirement
1:06.0	because we truly believe financial freedom is attainable for everyone
1:09.2	no matter when or where you're starting.
1:11.0	That's right. Whether you want to retire early and travel the world,
1:13.7	go on to make big-time investments in assets like real estate or Tesla, or start your own business,
1:19.2	will help you reach your financial goals and get money out of the way so you can launch yourself toward
1:24.2	your dreams.
1:25.2	Now is the time for the segment of our show called The Money Moment where we share a money
1:29.6	hack, tip, or trick to help you on your journey to financial independence.
1:34.0	Today's money moment is, do you have a wedding or a holiday party coming up?
	...

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