Mailbag: All of Your Retirement Questions, Answered

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 11 October 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we're bringing you an extra special mailbag with friend of the show and Director of Personal Finance and Retirement Planning at Morningstar, Christine Benz. If you listened to our “New Rules for Retirement” episode, then you know all about Christine and why she thinks women need a new playbook for retirement. We are going to tackle a few of the follow-up questions that came from our viewers on YouTube, go check out our channel if you haven’t already! Chapters: 00:00 Introduction 03:00 Mailbag Question 1: I have 425k saved and want to retire early, what am I missing? 08:00 Mailbag Question 2: I have 700k saved, how much can I safely start to withdraw without running out of money? 12:00 Mailbag Question 3: I’d like to begin converting money from my 401k to my Roth before I retire, is that possible? 17:00 Mailbag Question 4: I’m 62 and after a series of setbacks I’m basically starting over financially. How do I get started saving for retirement this late in the game? Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at [email protected]. Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:09.0	Edelman knows just how important it is to be prepared for whatever life hands you.
0:15.0	Do you have a strategy to help protect your wealth and your family?
0:19.0	Visit plan EFE.com slash Her Money to learn more about what you need for your financial situation
0:26.2	with a complementary wealth checkup.
0:30.0	We are officially in the Winter Arc season.
0:34.2	Ever heard of it?
0:35.3	It is the period between October and January
0:38.8	when many people experience a change in mindset,
0:42.3	reflect on our lives, and set new goals.
0:45.0	That's why I'm so excited to invite you all to a free webinar I'm hosting on October 15th at 7 p.m. Eastern. It's for anyone who is looking to get more control of your money.
0:59.1	Save more, spend less, pay down debt, or set and start achieving some financial goals all before the end of the year.
1:07.6	This is for everyone.
1:09.5	All ages and stages are welcome, and as always, come with your questions for me. I'm going to leave plenty of time to answer them.
1:17.0	Again, it's October 15th at 7 p.m. eastern. I'll drop the link in the show notes. Can't wait to see you there.
1:27.7	Hey everyone, I'm Jean Chatsky. Thanks for joining me today on her money.
1:31.7	Today we are bringing you an extra special mailbag
1:36.4	with my friend Christine Benz. If you listen to our new Rules for Retirement, then you know all about Christine.
1:46.0	And why she thinks that women need a special playbook for retirement.
1:50.0	Christine is the Director of Personal Finance and Retirement Planning at Morningstar.
1:56.1	Please check out her new book and our episode if you haven't already.
	...

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