What Is Your Retirement Number? YMYW Spitball Retirement Analysis - 284

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

🗓️ 28 July 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe and Big Al spitball retirement plan considerations, including:

- investing in brokerage and Roth instead of pre-tax
- getting tax diversification
- pension lump sum or annuity
- paying for education
- calculating a retirement number to put savings on autopilot

Plus, what life insurance “investment” has a “guaranteed” 10% return? Do dividend paying stocks have a higher rate of return than VTSAX? Should individual stocks go in a taxable account?

Send in money questions and access the episode transcript and free financial resources in the podcast show notes: https://bit.ly/YMYW-284

Transcript

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0:00.0	Today on your money, your wealth, Joe and Big Al spit all over your retirement plans.
0:05.1	No, sorry, this says they spitball ideas for your retirement plans.
0:08.7	First, they'll look at several aspects of retirement for a couple who wants to retire early.
0:13.1	Should they be investing in brokerage and Roth accounts instead of pre-tax accounts?
0:17.3	How should they optimize their tax diversification?
0:20.1	Should they take the pension lumsum or the
0:22.1	annuity? And what about paying for kids' college education? Then, how do you figure out what your
0:26.6	retirement number is so that you can set your savings on autopilot? They'll spit ball ideas about that, too.
0:32.8	Next, what exactly is this life insurance investment you hear about on the radio with a guaranteed 10% return?
0:39.8	Do dividend paying stocks have a higher rate of return than the ever popular VTSAX?
0:45.0	And should you hold individual stocks in a taxable account?
0:48.5	And when should you jump into the market, given how COVID crazy things are right now?
0:52.7	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth,
0:57.0	the Shot Collars, the Spitballers themselves, Joe Anderson, CFP, and Big AlcoPolpine, CPA.
1:03.4	Brandon from Minnesota.
1:05.4	Oh, sweet.
1:06.8	All right.
1:07.1	That's going to be near you somewhere.
1:08.9	Yes, sir.
1:10.0	Hey there, Andy. So bear with me, folks, because it's a book. It's going to be near you somewhere. Yes, sir. Hey there, Andy.
1:11.6	So bear with me, folks, because it's a book.
1:14.6	It's a book.
	...

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