Is Our Retirement Savings Enough to Ever Retire? - 454
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 7 November 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
Will Ron and Candy in Connecticut ever be able to retire, and are Bruce and Selina in Philly saving enough to retire? That’s today on Your Money, Your Wealth® podcast 454 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, are Pebbles and Bam Bam in Kentuckystone missing anything when it comes to using their brokerage account to pay Roth Conversion taxes? And Susan in San Diego is 55, spends about $36K a year, and has almost a million saved - can she retire yet? And finally, our buddy Will knows he shouldn’t time the market, but….
Timestamps:
- 00:50 - Will We Ever Be Able to Retire? (Ron, CT)
- 09:54 - Are We Saving Enough to Retire? (Bruce and Selina, Philadelphia)
- 17:36 - What Am I Missing? Brokerage Account Spitball (Pebbles & Bam Bam, Kentuckystone)
- 27:05 - Nearly $1M at 55, Spending $36k/Year: Can I Retire Early? (Susan, San Diego)
- 31:36 - I Know We Shouldn’t Time the Market, But… (Will)
- 40:46 - The Derails
Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-454
- How to Cruise Into Your Retirement - YMYW TV
- Cruising Into Retirement Checklist - download by this Friday!
- EASIretirement.com free retirement calculator
- Episode Transcript
- Ask Joe & Big Al On Air for your Retirement Spitball Analysis
Transcript
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| 0:00.0 | Will Ron and Candy in Connecticut ever be able to retire? |
| 0:04.0 | And are Bruce and Selena in Philly saving enough to retire? |
| 0:07.4 | That's today on Your Money, Your Wealth podcast number 454. |
| 0:11.2 | Plus, are Pebbles and Bam Bam in Kentucky Stone missing anything |
| 0:15.3 | when it comes to using their brokerage account to pay Roth conversion taxes? |
| 0:19.2 | And Susan in San Diego, she's 55, spends about $36,000 a year |
| 0:23.3 | and has almost a million saved. Can she retire yet? And finally, our buddy Will knows that he |
| 0:29.3 | shouldn't time the market, but if you've got money questions or want a retirement spitball |
| 0:34.6 | analysis of your own, visit Your Money, Your Wealth.com and click Ask |
| 0:38.6 | Joe and Big Al on air. I'm producer Andy Last and here to Spitball on all of these questions are the hosts |
| 0:44.4 | of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA. |
| 0:50.2 | It goes, hello Joe, Big Al, Andy, my wife, Candy our cat cody and i find ourselves living in the |
| 0:55.2 | constitution state of connecticut never occurred to us that we would settle in connecticut but here we |
| 1:01.4 | are first with the important stuff candy drives 2022 nissan rogue yeah like those are kind of like a little |
| 1:09.0 | bubbly um like a four by four or something. |
| 1:13.3 | Yeah. |
| 1:14.1 | S. |
| 1:14.6 | Yeah. |
| 1:15.7 | It's like it's kind of a. |
| 1:16.9 | That's a smaller SUV. |
| 1:18.3 | I think. |
| 1:18.7 | Got it. |
... |
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