Retiring Before Social Security? Consider These Portfolio Changes - 555
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 11 November 2025
⏱️ 41 minutes
🧾️ Download transcript
Summary
Joe Anderson, CFP® and Big Al Clopine, CPA spitball withdrawal strategies, Roth conversion timing, and saving priorities for every stage of life, today on Your Money, Your Wealth® podcast number 555. Christine just retired at 59 and wants the smartest way to draw income before Social Security, without letting taxes take a third of it. Prickly Richard and Margarita Maggie have a plan to "pull ahead" some Roth conversions now to dodge an RMD avalanche later. Will it work? And the Michigan Queen and Mississippi Boy are wondering whether to save harder for retirement or college for three kids currently under the age of 5.
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https://bit.ly/ymyw-555 (full show notes & episode transcript)
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast
00:53 - I Retired at 59. What's My Best Retirement Withdrawal Strategy Before Social Security at 62? (Christine)
13:50 - Should We Do Roth Conversions Before Being Hit With the RMD Avalanche? (Prickly Richard & Margarita Maggie, Tucson, AZ)
26:20 - Saving for Early Retirement at 55 vs. Saving for Kids' Future (Michigan Queen & Mississippi Boy, TN)
39:53 - Outro: Next Week on the YMYW Podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Join Big Al Spitball withdrawal strategies, Roth conversion timing, and saving priorities for every stage of life. |
| 0:06.9 | Today on Your Money, Your Wealth podcast number 555. |
| 0:10.6 | Christine just retired at 59 and wants the smartest way to draw income before Social Security without letting taxes take a third of it. |
| 0:19.1 | Prickley Richard and Margarita Maggie have a plan to pull ahead some Roth conversions |
| 0:23.6 | now to dodge an RMD avalanche later. |
| 0:26.6 | Will it work? |
| 0:27.6 | And the Michigan Queen and Mississippi Boy are wondering whether to save harder for retirement |
| 0:32.6 | or college for three kids currently under the age of five. |
| 0:36.6 | Yeah, that minivan has seen things. |
| 0:39.3 | And this is YMYW, so of course expect a few derails into cocktails and car maintenance. |
| 0:45.1 | I'm executive producer Andy Last, and here are the hosts of your money, your wealth, |
| 0:49.6 | Joe Anderson, CFP, and Big Al Clopine CPA. |
| 0:53.2 | You got Christine, she writes in Big Big Al. Tim? Or the dog writes in. Yeah, picture of the dog, not her. Got it. Cute dog. Hey, Joe, Al. And greetings down under to Andy. All right. So this is fairly new. So we got caught up, or did you put her top of the list because she said greetings from down under? |
| 1:13.7 | This is from July. |
| 1:15.4 | I moved in May. |
| 1:17.0 | I guess it's not bad near. |
| 1:18.6 | You moved in May? |
| 1:20.2 | Yeah. |
| 1:21.5 | Wow. |
| 1:22.0 | Time flies. |
| 1:22.9 | It does. |
| 1:23.5 | It's true. |
... |
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