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Money Guy Show

Organizing Your Retirement Options

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.73.1K Ratings

🗓️ 22 November 2006

⏱️ 26 minutes

🧾️ Download transcript

Summary

The government recognizes that most individuals have been asleep at the wheel when it comes to saving for their retirement, and they are also unaware that Social Security is only a few decades from a funding disaster (don’t worry I am not going to go there on today’s show). As a result of this SILENT BUT DEADLY BUILDING DISASTER the government has made several changes that provide tremendous opportunities for you to save for your future retirement and financial independence. What retirement option should you use and in which order should they be funded? For more information, visit the show notes at http://www.moneyguy.com/2006/11/organizing-your-retirement-options Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos with

0:07.6

tirement, investing, taxes. You've got financial questions. He's got financial

0:13.0

answers. It's Brian Preston, the money guy.

0:16.9

It's November 22nd, the day before Thanksgiving. I want to thank you guys for

0:21.3

tuning in today. I don't know if you're going to get this podcast before Thanksgiving,

0:25.2

but we do have a special episode today and I've got even some special tips to tell

0:29.2

you how to save money for the after Thanksgiving specials out there, Black Friday.

0:34.7

So, hang around for the whole show and I'll give you those tips on things that I have

0:38.8

learned to do to avoid the huge lines as well as those door buster specials and see

0:44.6

what we can do to save you some money. I also want to tell you that we've got some

0:48.7

exciting things to talk about on today's show. We're going to talk about, I have gotten

0:52.7

the emails from you guys asking, how in the world do I know which retirement option

0:58.4

I should choose, whether it's the Regal 401k, whether it's the Roth 401k, right,

1:04.0

traditional IRAs, Roth IRAs, what are the limitations? When should I use them? I have

1:09.8

heard your cries for help and I'm going to help you on today's show and I think this

1:13.8

is going to be very much an important thing on helping you to to prioritize how you're

1:19.1

going to save for your money because remember what we've talked about in the last podcast

1:25.5

we did which was titled Retirement in Crisis is that a lot of your retirement now falls

1:31.9

upon your shoulders. You are the one that's responsible for making sure you save enough

1:36.2

money and now we're going to give you the tools to make sure you're doing it the right

1:39.7

way. Now, before we get into the Financial Chaos topic which is organizing your retirement

1:44.3

options, let's just remind you what we're here for. This is the Money Got Podcast. We

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