How Much Money Do You Need to Retire ASAP? - 493

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 September 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can "Alanis" retire early at age 60? With "Barney and Betty’s" spending patterns, can they retire ASAP? "Daisy and Donald" need retirement income for 40 years. Can they retire now? That’s today on Your Money, Your Wealth® podcast 493 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, we review the results of the 7th Annual YMYW Podcast Survey (congratulations to jemart for winning the Amazon e-gift card!) and Joe and Big Al take on some critical YouTube comments from Keith, following their interview with Ed Slott, CPA.

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Timestamps:

00:00 - Intro

00:57 - Are My Estimates Solid for Early Retirement at Age 60? ("Alanis", WA)

10:39 - Watch Retirement Pop Quiz on YMYW TV and Download the Retirement Readiness Guide

11:20 - How Much Money Do We Need to Retire ASAP? ("Barney and Betty", NE New Jersey)

24:36 - Can We Retire Now? ("Daisy Duck", Emerald City)

30:48 - Subscribe to the YMYW YouTube Channel

31:15 - 7th Annual YMYW Podcast Survey Results

38:54 - Comment: Keith Doesn't Like Ed Slott or Roth Conversions

47:45 - Outro

48:58 - The Derails

Transcript

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0:00.0	Can Alanis retire early at age 60? With Barney and Betty's spending patterns, can they retire ASAP?
0:08.3	Daisy and Donald need retirement income for 40 years. Can they retire now?
0:13.3	That's all today on Your Money, Your Wealth podcast number 493.
0:17.6	Plus, we review the results of the seventh annual YMIW podcast survey.
0:22.4	Congratulations to J.E. Mart for winning the Amazon E gift card.
0:26.8	And Joe and Big Al take on some critical YouTube comments from Keith following their interview
0:31.7	with Ed Slot CPA.
0:33.6	If you've got money questions or want a retirement spitball analysis of your own, click the link to Ask Joe and Big Al on air in the description of today's episode in your favorite podcast app and send them on in.
0:44.5	I'm producer Andy Last and here are the hosts of your money, your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:52.4	We're going to get right into it with Alanis.
0:55.4	From Washington.
0:57.3	We got Joe, Big Al, Andy, thank you for your entertaining educational podcast.
1:01.7	I plan to retire in 10 years.
1:02.8	I'm currently 50 years of age and single.
1:05.1	I enjoy Kraft IPA and or a margarita on the side.
1:09.2	Or on our sour side, on the sour side. I like some margarita on the side or on our sour side on the sour side likes the margarita on the sour
1:15.0	side I thought she liked an IPA and a margarita on the side that be you Joe that's exactly
1:22.0	what I would do I like a little IPA little little margarita cutter.
1:30.9	And I drive a little Subaru Legacy.
1:32.4	Oh, she's from Washington.
1:33.1	I knew it.
1:33.6	Perfect.
	...

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