How to Get Into Real Estate Investing, Spitballing Retirement - 499

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

🗓️ 15 October 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are real estate investment trust (REIT) ETFs a good way for Leon to begin investing in real estate? Can AI Seth stay retired at age 52, and should he do Roth conversions? Jenn in Ohio wants the fellas to be brutally honest about whether she should move with work, take a break, or retire now. And "George and Weezy" are in their mid-50s - can they "move on up" to a deluxe retirement lifestyle in 2026, or even earlier? That’s all today on Your Money, Your Wealth® podcast 499 with Joe Anderson, CFP® and Big Al Clopine, CPA. Access free financial resources and the episode transcript: https://bit.ly/ymyw-499

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00:00 - Intro: This Week on the YMYW Podcast

00:47 - Are REIT ETFs a Good Way to Get Into Real Estate Investing? (Leon, Chicago - voice)

09:15 - Watch Steps to Financial Success: Grow Your Wealth at Any Age on YMYW TV, Download the Guide to Growing Your Wealth

09:49 - Can AI Seth Stay Retired at Age 52? Should He Do Roth Conversions? (Montana, voice)

16:41 - Move With Work, Take a Break, or Retire Now? Be Brutally Honest (Jenn, OH)

21:23 - Calculate Your Financial Blueprint, Schedule a Financial Assessment - both free!

22:02 - Deferred Comp: Can “George and Weezy” Retire in 2026 or Earlier? (IL)

33:18 - Outro: Next Week on the YMYW Podcast

Transcript

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0:00.0	Are real estate investment trust ETFs or REITs, a good way for Leon to get into real estate investing?
0:06.8	Can AI Seth stay retired at age 52 and should he do Roth conversions?
0:11.7	Jen and Ohio wants the fellows to be brutally honest about whether she should move with work, take a break, or retire now.
0:18.6	And George and Weezy are in their mid-50s.
0:21.1	Can they move on up to a deluxe retirement lifestyle in 2026 or even earlier?
0:26.3	That's all today on Your Money, Your Wealth podcast number 499.
0:30.5	If you're listening right now on your favorite podcast app,
0:33.1	check the link in the description to watch us on YouTube.
0:35.8	And click the Ask Joe and Big Al link to get your
0:38.2	retirement spitball analysis. I'm executive producer Andy Last and here are the hosts of your money,
0:43.6	your wealth, Joe Anderson CFP and Big Al Clopine CPA. Leon.
0:49.5	Hey Joe, Big Al, Andy, hope you're all doing well. This is Leon from Chicago. I have to admit
0:55.5	this is my third time calling in with a question or a spitball or commentary, I suppose.
1:00.8	But, you know, while I guess I should apologize for taking advantage, I'm also a value-based
1:06.6	investor and this seems like a pretty high- proposition. So I'm hoping you'll answer another
1:11.2	sort of spitball for me and lay it out for Joe in a different way this time, since he has to get
1:16.4	in the mind of his callers. I thought I would lay it out for him this way. Let's imagine that Leon,
1:22.7	myself, runs into Joe and Big Al in a bar. We're sipping old-fashioned just having a bar stool conversation
1:30.3	about what they do for a living. And I said, hey, if you put your guys in the position
1:34.4	of being an early 40s investor, planning to retire in your early 60s, let's say you have
1:40.4	like a million dollar portfolio at this point, And you're a guy that looks at yourself
1:45.2	as maybe a 70-30 stocks to bonds ratio. And you don't want to be a direct real estate investor.
	...

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