Roth IRA Conversion Ladder Case Study
ChooseFI | Financial Independence Podcast
Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc
4.8 β’ 5.2K Ratings
ποΈ 24 January 2020
β±οΈ 54 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Transcript
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| 0:00.0 | On today's episode, we discuss the $1,000 challenge and we update the Roth IRA conversion |
| 0:05.0 | ladder for 2020. Welcome to Choose FI. |
| 0:08.0 | You're listening to Choose FI Radio. |
| 0:13.0 | The blueprint for financial independence lives here. |
| 0:24.0 | If you're looking to unlock the secrets to financial independence and early retirement, |
| 0:29.0 | you're in the right place. |
| 0:31.0 | Stay tuned and join a community of like-minded people who are getting all fans to know you |
| 0:36.0 | and taking control of their lives in the pursuit of financial independence. |
| 0:40.0 | Choose FI, your home for financial independence online. |
| 0:44.0 | All right, Brad, really excited to dive into this past week's episode and bring in some of our takeaways as well as feedback from the community. |
| 1:00.0 | And what I wanted to start with is what I am coining the $1,000 challenge. |
| 1:05.0 | Now, I know I can see the curiosity. You want to know more, right? |
| 1:09.0 | I cannot wait for the bomb-bated breath. |
| 1:11.0 | There it is. |
| 1:12.0 | I'm not even going to ask how you're doing. That's all excited about it. |
| 1:15.0 | You know, I feel like every single personal finance kind of guidelines start with, hey, you need to have $1,000, right? |
| 1:21.0 | Start with $1,000. If you're paycheck to paycheck, let's get that $1,000 lock down. |
| 1:26.0 | And for the record, I do not disagree. |
| 1:28.0 | But I think it kind of poses a question. |
| 1:31.0 | How? And I think many people come into this saying, well, I'm paycheck to paycheck because I'm paycheck to paycheck. |
| 1:36.0 | What can I do? And I think with a little creativity, you can solve this and develop this for your own, you know, |
| 1:41.0 | maybe places that you can optimize. But in case you've never gone through the thought exercise, I thought we could do it today. |
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