Are You Retirement Ready? Calculate Your Power Percentage To Find Out - 121

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 3 July 2017

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

USA Today columnist Pete The Planner tells us how to calculate our Power Percentage for retirement readiness, and how to set house rules to get on the path to a successful retirement. Plus, 8 benefits of claiming Social Security later, how a Roth 401(k) may give you more purchasing power in retirement than a traditional 401(k), and Joe wants to grow a fro.

Transcript

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0:00.0	There are two paths that every single person is on. It's either a path to a successful retirement outcome or a path to an unsuccessful retirement outcome. And the challenge is people think they're on this path in the middle that doesn't exist. That's USA Today columnist Pete the planner, host of the million dollar plan podcast. Today on your money, your wealth, he'll help us set house rules to get on that
0:21.9	successful retirement path. Pete says that 35% is great, Al's 28% is pretty good, and 10% is a ticking
0:29.5	time bomb. He's talking about the power percentage. He'll explain what it is and how to find yours.
0:35.7	Al shares the eight benefits of claiming Social Security
0:38.3	later, and the fellas explain why a Roth 401 may give you more purchasing power in retirement
0:44.3	than a traditional 401k. And Joe wants to grow a fro. Now here are Joe Anderson CFP and Big Al Clopine's
0:51.3	CPA.
0:52.3	I feel fresh, Al. I feel fresh.
0:56.1	You do? Yeah. Went to the doctor last week.
0:59.4	Get a clear bill of health? Yeah. Yeah. Everything looks good.
1:02.7	Oh, that's good.
1:03.5	But sometimes I sleep a little funny.
1:07.3	Okay. You know?
1:08.4	And I had this kind of a little bit of a sore throat and he's like, yeah, you think you snore?
1:12.3	I go, yep.
1:13.9	He's like, you think you have a little bit of sleep apnea?
1:17.0	I was like, I don't know.
1:18.9	I'm sleeping.
1:19.6	Maybe.
1:19.9	You tell me.
1:20.8	You tell me, right?
1:22.2	And then he goes this. like, well, you know, when it's late at night and you're reading a book, do you kind of like doze off?
	...

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