Are You Actually Saving Enough for Retirement?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 12 December 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How much should you be saving for retirement? 15 or 25 percent, or even more? We'll walk you through that question and more in today's Q&A episode! Check out our NEW course, Know Your Number! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.9	So one of the things that brings us, you demonic happiness, that makes us feel fulfilled,
0:21.4	is knowing that we're adding value to your financial laws.
0:24.2	We love here here.
0:25.2	We're here with this content together.
0:26.2	We love getting to do this show, but we really love answering your questions.
0:30.4	What are the things that you want to know from us?
0:32.6	What are the things that you want us to weigh in on?
0:35.4	So this is one of our very favorite things to do.
0:38.2	So right now, we have the team out on the wings collecting questions.
0:42.8	So with that, maybe I'm going to throw it over to you and you guys are going to give
0:47.2	us some happiness from getting to answer your questions.
0:49.2	Yeah, let's dive in.
0:50.2	All right.
0:51.2	We've got a question from Enrique about saving for the future.
0:55.4	He says, you recommend saving 20 to 25% to replace 80% of your income and retirement
1:01.8	or thereabouts.
1:03.2	Would I be better off to focus putting my money into Roth vehicles to better control my
1:08.0	tax bracket and retirement and minimize RMDs?
	...

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