Ready to Retire? 5 Retirement Spitball Analyses - 434

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

🗓️ 20 June 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe and Big Al spitball five different retirement plans: is Jaybird on track to retire with a decent nest egg? Should Ted and his wife use the retirement smile spending pattern and spend more early in retirement? Is it safe for Aaron to retire at age 59 and a half? How much can Karla convert to Roth for the most tax-efficient retirement withdrawal plan? LEO Jay has Roth TSP retirement strategy questions, and Lynn suggests a super-easy Roth conversion calculator - but Big Al’s got an even easier idea.

Timestamps:

00:44 - Are We On Track to Retire With a Decent Nest Egg? (Jaybird, Penciltucky - PA)
08:57 - Retirement “Smile”: Should We Spend More Early in Retirement? (Ted)
16:57 - Is it Safe to Retire at Age 59 and a Half? (Aaron, suburb of Philadelphia)
25:42 - Spitball My Tax-Efficient Withdrawal Plan: How Much Roth Conversion? ("Karla", New York City)
34:21 - Should I Max Roth TSP and Retire at 50? When Can I Withdraw from Roth TSP? (Jay, San Diego)
37:00 - Super Easy Roth IRA Conversion Calculator (Lynn)
42:51 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-434

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Transcript

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0:00.0	Joe and Big Al spitball five different retirement plans with a little bonus comparison today on Your Money, Your Wealth podcast number 434.
0:09.0	Is Jay Bird on track to retire with a decent nest egg?
0:12.3	Should Ted and his wife use the retirement smile spending pattern and spend more early in retirement?
0:18.0	Is it safe for Aaron to retire at age 59 and a half? How much can Carla convert to
0:22.9	Roth for the most tax-efficient retirement withdrawal plan? Leo J has Roth TSP retirement strategy
0:29.6	questions, and Lynn suggests a super easy Roth conversion calculator, but Big Al's got an even
0:35.2	easier idea. I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth,
0:40.2	Joey Anderson, CFP, and Big Al Clopline CPA.
0:43.7	We got a jam-packed show today.
0:47.8	Andy's playing a little hurt.
0:49.3	I want to thank her for making all of this happen.
0:53.0	Yeah, I do too, Andy.
0:53.9	This is going over and above for our show, and we really appreciate it.
0:58.7	Hey, I'm just actually trying to make it as easy on myself as possible.
1:01.3	If I had to do a compilation episode, I'd be spending way more time on it.
1:04.7	Okay.
1:05.8	I'm glad we can help you.
1:07.1	Thank you.
1:07.9	We got a lot of work to do today.
1:10.3	So let's jump right in.
1:13.8	Hey, Y.M. Y.M. Y. Dun. This is J. Bird from good old. Peketuket, licki. Pencil tucky.
1:23.5	That's a, that's kind of a weird one pencil tuckie pencil tuckie i think that's just a
	...

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