Rising Costs and Retirement Unknowns? Here's What to Do - 567
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 790 Ratings
🗓️ 3 February 2026
⏱️ 50 minutes
🧾️ Download transcript
Summary
Should Al and Peggy in Illinois keep hammering pre-tax retirement savings or should they pivot to post-tax Roth for better tax diversification? Which pension option is best for their early retirement plans? Long-term care insurance premiums are going up endlessly for Eloise in Connecticut. Is she walking into an insurance industry trap? How do Eric and Tami in Baton Rouge help their kids with college without blowing up their own retirement, and when do student loans make sense? Finally, should Lana and Sterling harvest capital gains or prioritize Roth conversions before moving to a much higher-tax state? The basic question in all of these is the same: how do you protect your future from rising costs and unknowns that are out of your control? We'll find out what it takes, today on Your Money, Your Wealth podcast number 567.
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https://bit.ly/ymyw-567 (full show notes & episode transcript)
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast
00:55 - Pre-Tax vs. Late Roth Savings? Pension Lump Sum vs. Lifetime Income in Early Retirement? (Al & Peggy, Illinois)
14:14 - Should I Drop Long-Term Care Insurance Now at Age 70? (Eloise, Connecticut)
20:41 - College Costs vs Retirement Security for Parents (Tami & Eric, Baton Rouge, LA)
35:59 - Roth Conversions or Capital Gains Before Moving to a High Tax State? (Lana & Sterling, Nebraska)
48:14 - Next Week on the YMYW Podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Should Al and Peggy in Illinois keep hammering pre-tax retirement savings, or should they pivot to post-tax Roth for better tax diversification? |
| 0:08.6 | Which pension option is best for their early retirement plans? |
| 0:12.0 | Long-term care insurance premiums are going up endlessly for Eloise in Connecticut. |
| 0:16.2 | Is she walking into an insurance industry trap? |
| 0:19.3 | How do Eric and Tammy in Baton Rouge help their kids with college without blowing up their |
| 0:23.8 | own retirement? |
| 0:24.7 | And when do student loans make sense? |
| 0:26.9 | Finally, should Lana and Sterling harvest capital gains or prioritize Roth conversions before |
| 0:32.1 | moving to a much higher tax state? |
| 0:34.6 | The basic question in all of these is the same. |
| 0:37.0 | How do you protect your future |
| 0:38.4 | from rising costs and unknowns that are out of your control? We'll find out what it takes today on |
| 0:43.7 | Your Money, Your Wealth podcast number 567. I'm executive producer Andy Last and here are the hosts |
| 0:49.4 | of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA. |
| 1:10.9 | Alan Peggy. Oh, Bundy. I'm guessing. I think so. Hey, John and Big Al. God. Is that our first, Joe? No. No, you've been called John. You've been called Jack. Yeah, and Joel. Oh, Joel. Remember that? I think that was your favorite, Joel. Joel. |
| 1:12.0 | The guy said, I've listened to your show for years, and Joel, you were the best. |
| 1:18.3 | Joel. |
| 1:19.9 | Hey, John, Big Al. |
| 1:22.0 | This is Alan Peggy in Illinois. |
| 1:23.9 | I'm 52, and she's 51. |
| 1:25.8 | We have two kids, Kelly and Bud. They are 14 and 12 respectively. |
| 1:30.3 | I caught your show by chance and willing to butter you guys up by saying I've listened to a lot of them. |
... |
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