Smart Strategies to Retire Early and Spend More - 540

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

🗓️ 29 July 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can Beth and Rip retire early, spend more, and Die with Zero? When should they claim Social Security? Forrest and Jenny have 10 rental properties at age 31. Can they retire at age 50? (And what makes you a real estate professional from a tax perspective?) Plus, what are the rules for spousal IRA contributions and required minimum distributions? Memphis wants to know. Joe Anderson, CFP® and Big Al Clopine, CPA spitball for YMYW audience members who are definitely not fictional characters, today on Your Money, Your Wealth® podcast number 540.

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Timestamps:

00:00 - Complete the 8th Annual YMYW Podcast Survey for your chance at a $100 Amazon e-gift card!

00:35 - Intro: This Week on the YMYW Podcast

01:13 - Can We Retire Early, Spend More, and Die With Zero? When Should We Collect Social Security? (Beth and Rip, FL - voice)

12:06 - Watch Retirement Panic Button: 7 Ways to Avoid Hitting It on YMYW TV

Calculate your Financial Blueprint

Schedule a Free Assessment

13:41 - We Have 10 Rental Properties at Age 31. Are We on Track to Retire at Age 50? (Forrest and Jenny, Cherry Hill, NJ - voice)

20:04 - Spousal IRA Contributions and RMD Rules (Memphis)

32:23 - YMYW Podcast Outro

Transcript

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0:00.0	Here's your chance at a $100 Amazon E gift card. Answer 18 questions in my eighth annual YMIW podcast
0:06.8	survey and you are entered to win. Click or tap the link in the episode description. Type the
0:12.2	secret password YMYW and let us have it. Your legitimate, complete entries with your honest
0:18.1	opinions about what would make your money your wealth your favorite
0:21.5	funniest top best personal finance podcast will be in the running for the hundred bucks.
0:26.5	U.S. residents only, no purchase necessary, survey and giveaway clothes and winner chosen at 5 p.m. Pacific
0:32.5	Time on August 31st, 2025.
0:36.0	Now, can Beth and Rip retire early, spend more, and die with zero?
0:40.8	When should they claim Social Security?
0:42.9	Forrest and Jenny have 10 rental properties at age 31.
0:46.7	Can they retire at age 50?
0:48.7	Joe and Big Al's football for YMYW audience members who are definitely not fictional characters.
0:53.9	Today on Your Money, Your Wealth Podcast number 540. Plus, what's... YMIW audience members who are definitely not fictional characters.
0:57.1	Today on Your Money, Your Wealth podcast number 540.
1:02.4	Plus, what are the rules for spousal IRA contributions and required minimum distributions?
1:03.8	Memphis wants to know.
1:08.5	I'm executive producer Andy Last with the hosts of Your Money, Your Wealth, Joe Anderson,
1:10.6	CFP, and Big Al-Clobine CPA, and let's get to our first voice message.
1:13.5	Hi, Andy and Big Allen, Joe. We are huge fans of your show and have recommended it to several people who are now also big names.
1:21.3	We are Rip, who is 56, and I am Beth, 51, from Florida, and we're looking for a little spitball and honestly I have to admit
1:30.5	I need a little reassurance because I am a little frugal and a bit afraid of running out of money.
1:37.9	So we have both been high wage earners for years and grip thinks this time to cash in all of our hard work and start enjoying a
	...

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