Financially Able But Afraid to Retire - 361

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

🗓️ 18 January 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The psychology of retirement: what if you’ve saved enough and you’re financially ready to retire, but you're paralyzed by the idea of no longer earning and saving? Plus, a Roth conversion strategy when your income is too high. How to know if it pays for you to convert & how much, and should you contribute to a rollover IRA before or after leaving a job? Finally, should you purchase long-term care insurance or self-insure? Show notes, free financial resources, Ask Joe & Al On Air: https://bit.ly/ymyw-361

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 361, Joe and Bigel touch on the psychology of retirement.
0:07.0	What do you do if you've saved enough and you're financially ready to retire, but you're paralyzed by the idea of no longer earning and saving?
0:16.1	Plus, a Roth conversion strategy when your income is too high, and how do you know if it pays for you to convert and how much?
0:23.2	And does it matter if you contribute to a rollover IRA before or after leaving a job? Finally,
0:28.9	should you purchase long-term care insurance or self-insure? I'm producer Andy Last and here are the hosts of your money, your wealth,
0:36.3	Joe Anderson, CFP, and Big Al Clopine CPA.
0:40.3	Jim writes in from Illinois. He goes, hey, I came across your show when the pandemic hit and been listening regularly ever since.
0:48.3	It's very informative. The mix of expert advice or the expert feedback.
0:53.1	Not advice. Not advice.
0:56.9	And sarcastic humor is a unique and inviting combo.
0:57.9	Yeah.
1:00.2	Not too many financial shows to have that, right?
1:01.8	Yeah, I really agree with that statement.
1:05.9	I'll tell you what, Jim, we have no issues with that statement.
1:08.3	Well, sarcastic humor.
1:09.9	There's nothing better.
1:17.2	Also, I feel the connection with Joe because I, too, butcher words when I have to read aloud,
1:19.4	and I admire that Joe doesn't seem to care. Yeah, you don't care.
1:20.1	I think most of us butcher words.
1:22.8	Thanks, Jim.
1:24.0	You and I, brother.
1:25.6	Yeah, I'm not a very good reader.
	...

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