Early Retirement Withdrawals & Capital Gains Tax Explained - 441
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 8 August 2023
⏱️ 42 minutes
🧾️ Download transcript
Summary
Does the math work for Chris’ early retirement plan? What’s a safe retirement withdrawal rate for Luke, who wants to be part of the financial independence / retire early or FIRE movement - and what does Joe have against FIRE? Plus, Jake is about to change jobs, can Joe and Big Al uncover any tax planning opportunities for him? The fellas also explain capital gains tax for our buddy Carl Spackler, and they spitball on those capital gains when it comes to selling a house for Olga and for LJ, and Jim wonders about the impact of selling a house on Affordable Care Act subsidies.
Timestamps:
- 00:54 - Early Retirement Spitball: Does the Math Work? (Chris, Philadelphia)
- 04:27 - FIRE Withdrawal Rate for Long-Term Capital Preservation? (Luke, Ft. Collins, CO)
- 14:26 - We’re 38 and 33. Any Tax Planning Opportunities Before I Change Jobs? (Jake, VA)
- 20:48 - Capital Gains Tax Explained (Carl Spackler, FL)
- 23:55 - House Sale Tax Strategy (Olga, Chula Vista)
- 26:32 - Do I Need to Worry About Investment Property Sale Proceeds? (LJ, Philadelphia)
- 30:46 - How Will Selling a Home Impact ACA Subsidies? (Jim, Santa Cruz)
- 35:52 - New One Star and Five Star Reviews
- 38:10 - The Derails
Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-441
- Guide to Cracking the Financial Code at Any Age
- FIRE interviews on YMYW
- Spitballing Retirement Planning in Your 30s (YMYW podcast 391)
- 6th Annual YMYW Podcast Survey - one randomly-chosen participant will win a $100 Amazon e-gift card!
- Episode Transcript
- Ask Joe & Big Al On Air for your Retirement Spitball Analysis
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Does the math work for Chris's early retirement plan? What's a safe retirement withdrawal rate for Luke, |
| 0:06.4 | who wants to be part of the Financial Independence Retire Early or Fire movement? And what does Joe have |
| 0:12.1 | against fire? Find out today on Your Money, Your Wealth podcast number 441. Plus, Jake is about to change |
| 0:19.1 | jobs. Can Joe and Big Al uncover any tax planning opportunities for him? |
| 0:23.4 | The fellas also explain capital gains tax for our buddy Carl Spackler, and they spitball on those |
| 0:28.8 | capital gains when it comes to selling a house for Olga and for LJ. And Jim wonders about the |
| 0:34.3 | impact of selling a house on Affordable Care Act subsidies. Visit Your Money, Your Wealth.com, send in your money questions as a priority voice message or as an email and get them answered right here on YMIW. |
| 0:46.3 | I'm producer Andy Last and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP and Big Alclopine CPA. |
| 0:53.3 | We got Chris from Philadelphia. So let's see. Joe Anderson, CFP, and Big AlcoPont, CPA. |
| 0:56.1 | Got Chris from Philadelphia. |
| 0:57.8 | Let's see. |
| 0:59.8 | Are we on track for early retirement? |
| 1:00.8 | I'm 38 years old. |
| 1:02.8 | Drink of choices, diet Dr. Pepper. |
| 1:03.5 | Okay. |
| 1:04.8 | Okay. |
| 1:05.8 | Is there a question here? |
| 1:06.2 | No. |
| 1:08.9 | Getting back to Dr. Pepper here. |
| 1:09.9 | All right. |
| 1:10.9 | He's 36 loves any IPA. |
| 1:12.2 | The hopier, the better. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.