Could You Retire Tomorrow If You Had To? - 573
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 790 Ratings
🗓️ 17 March 2026
⏱️ 40 minutes
🧾️ Download transcript
Summary
Juan and Mary in Brooklyn are 49 and 48 with $2.2 million saved. Can Juan afford to retire early, or just walk away if he gets fired? And if they get divorced, yikes - but does the math still work? That's today on Your Money, Your Wealth® podcast number 573. But first, "Reuben Sailing Shoes" is 68, single, retired, and has $1.6 million saved, but he's never had a budget in his life. How much can he actually spend? "Leslie and Ben" are federal retirees in their seventies with great pensions and a mix of pre-tax and Roth savings, and "Mork and Mindy" in Delaware are retired with an annuity, a pension, Social Security, and $1.3 million in an IRA. Joe Anderson, CFP® and Big Al Clopine, CPA spitball on how Roth conversions and RMD timing can help both couples minimize taxes and make the most of what they've got.
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Chapters:
00:00 - Intro: This week on the YMYW Podcast
01:04 - How Much Can a Single 68-Year-Old Retiree With $1.6M(?) Spend Without Running Out of Money? (Reuben Sailing Shoes, Wyoming)
08:38 - 72 and 76 With $1.4M. Should We Keep Doing Roth Conversions After RMDs Start? (Leslie and Ben, Ohio)
17:12 - 71 and 73 With $1.73M. How to Balance Roth Conversions, RMDs, Widow Taxes, and Inheritance Goals? (Mork and Mindy, Delaware)
28:28 - 49 and 48 with $2.2M. If I Get Fired, Quit, or Get Divorced Tomorrow, Will We Be Fine? (Juan & Mary, Brooklyn, NY)
39:20 - Outro: Next Week on YMYW Podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Juan and Mary in Brooklyn are 49 and 48 with $2.2 million saved. |
| 0:05.7 | Can Juan afford to retire early or just walk away if he gets fired? |
| 0:10.0 | And if they get divorced, yikes. |
| 0:12.5 | But does the math still work? |
| 0:14.2 | That's today on Your Money, Your Wealth Podcast number 573. |
| 0:18.1 | But first, Ruben's Sailing Shoes is 68, single, retired, and has $1.6 million saved, but he's never had a budget in his life. |
| 0:27.1 | How much can he actually spend? Leslie and Ben are federal retirees in their 70s with great pensions and a mix of pre-tax and Roth savings. |
| 0:34.9 | And Mark and Mindy and Delaware are retired with an annuity, pension, |
| 0:38.0 | Social Security, and $1.3 million saved. Join Big Al Spitball on how Roth conversions and RMD |
| 0:44.4 | timing can help both couples minimize taxes and make the most of what they've got. |
| 0:49.4 | If you're listening on Apple Podcasts, please follow the show and leave your honest ratings |
| 0:53.5 | and reviews. |
| 0:58.9 | We really appreciate it. I'm executive producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopline CPA. |
| 1:04.0 | We got Ruben Sailing Shoes. |
| 1:06.3 | I searched and searched. I cannot find a reference for that. I can't even find sailing shoes |
| 1:10.5 | that are called Rubens. |
| 1:11.6 | So I think this is just what the guy has decided he's calling himself. |
| 1:14.6 | Okay. He's from Wyoming. Is there a lot of sailing in Wyoming? |
| 1:18.6 | I wouldn't think so. I would think more horseback, right? Yeah, yeah. |
| 1:22.6 | Well, maybe they think of that as sailing. I don't know. Yeah. |
| 1:26.6 | 68 male, single, never married. |
| 1:30.0 | No heirs. |
... |
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