What is the Best Age to Retire, Financially Speaking? - 331

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

🗓️ 22 June 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financially, what's the ideal retirement age? Are Roth conversions to the 37% tax bracket a good idea when you've achieved FAHR (financial abundance, happily retired)? Should you stop investing and start saving cash when approaching retirement? You're maxing retirement accounts, should you save to a deferred comp plan too? Is the employee stock purchase plan too many eggs in one basket? And finally, how to pay for long-term care insurance? Podcast show notes, Ask Joe & Big Al On Air: https://bit.ly/YMYW-331

Transcript

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0:00.0	As you age, your portfolio grows, but your time to spend it shrinks.
0:03.8	So from a financial perspective, what is the ideal retirement age?
0:07.9	That's Joan Bigel's first question today on Your Money, Your Wells Podcast, number 331.
0:13.3	Plus, if you aren't seeking fire, financial independence retire early, but instead have achieved far financial abundance happily retired, should you do
0:22.5	Roth conversions to the top of the 37% tax bracket?
0:26.6	If you're close to retiring but you don't have much cash, should you stop investing and start
0:31.0	saving cash?
0:32.3	If you're maxing out your retirement accounts, is it a good idea now to take advantage of a
0:36.4	deferred comp plan? Is
0:38.1	participating in an employee stock purchase plan putting too many eggs in one basket? And finally,
0:43.1	how should you pay for long-term care insurance? Go to Your Money, Your Wealth.com and click
0:47.7	Ask Joe and Big Al on air to send in Your Money questions, comments, and stories for the fellas to riff on.
0:53.9	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al-Clopine CPA.
1:01.5	We got Phil Wrightson, goes, hey, Andy, Joe, now.
1:04.8	This is Phil from Alabama, an alumni, podcast, 315.
1:11.4	Wow.
1:12.1	That's a ways back.
1:13.4	And we have alum.
1:14.6	Apparently, each podcast, we have our alum.
1:18.4	Alums.
1:18.6	Who made appearances.
1:20.5	All right.
	...

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