Will Buying Your Dream Home Ruin Early Retirement? - 559
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 790 Ratings
🗓️ 9 December 2025
⏱️ 48 minutes
🧾️ Download transcript
Summary
Today on Your Money, Your Wealth® podcast 559 with Joe Anderson, CFP®, and Big Al Clopine, CPA, David wants to know if he and his wife (ages 47 and 53) are actually on track for retirement - without realizing they're creeping toward that .01% crowd that David swears he is not part of. Mia and Jessie from Seattle want to retire and still pick up a dream lake house with a combined ten million dollars saved. Can they pull it off? Yosemite Sam from Allen, Texas, wonders if he should wipe out the lake house mortgage or keep that low-rate loan to hang on to more flexibility as he approaches retirement. Joe and Big Al also spitball on whether Todd and Margo should shift more into pre-tax accounts to leave their corporate jobs at age 50, and whether early retirement at 55 plus a $500,000 beach home is in the cards for Birdie and Bogey from Williamsburg.
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https://bit.ly/ymyw-559 (full show notes & episode transcript)
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast
00:53 - Middle Class Retirement Spitball For Those Not in the .01%: Are We On Track at Age 47? (David)
06:37 - $5 Million Roth, $5 Million Brokerage: Can We Retire and Buy a Dream Lake House? (Mia & Jessie, Seattle)
17:26 - Pay Off the Lake House or Keep the Low Rate Mortgage? (Yosemite Sam, Allen, TX)
25:23 - Should We Shift More Funds into Pre-Tax Retirement to Retire Early at 50? (Todd & Margo, TX)
38:45 - Can We Afford Early Retirement at 55 and a $500K Beach Home? (Birdie & Bogie, Williamsburg, VA)
46:27 - Outro: Next Week on the YMYW Podcast
Transcript
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| 0:00.0 | Today on Your Money, Your Wealth podcast number 559, David wants to know if he and his wife |
| 0:05.3 | are actually on track at age 47 without realizing they're creeping toward that 0.01% crowd |
| 0:11.2 | that David swears he's not part of. |
| 0:13.8 | Mia and Jesse from Seattle want to retire and still pick up their dream lakehouse with a combined |
| 0:18.4 | $10 million saved. |
| 0:20.2 | Can they pull it off? You know, somebody Sam from Allen, Texas wonders if he should wipe out the lakehouse with a combined $10 million saved. Can they pull it off? |
| 0:21.6 | You know, 70 Sam from Allen, Texas, wonders if he should wipe out the lakehouse mortgage |
| 0:25.4 | or keep that low rate loan to hang on to more flexibility as he approaches retirement. |
| 0:30.6 | Joe and Big Al also spitball on whether Todd and Margo should shift more into pre-tax accounts |
| 0:35.4 | to leave their corporate jobs at age 50. |
| 0:37.9 | And whether early retirement at 55 plus a $500,000 beach home is in the cards for Bertie and Bogie from Williamsburg. |
| 0:45.5 | I'm executive producer Andy Last, and here are the hosts of your money, your wealth, Joe Anderson, CFP, and Big Al Clopline CPA. |
| 0:53.0 | We got David, he wants a little spitball of one point. Oh, God. We're coming out hot. We're right off the bat. He's got 14 million. 14 million in my 401k. 5.1 million in my Roth. 14 million in a 41K. That's probably the largest 401K we've ever talked about on this show. Well, keep reading. Keep reading, Joe. Oh, it's all BS? Yeah. Got it. All right. $976,000 of cash at $3.5 million home. We own outright. We make $2.7 million a year, but only spend about $500 thousand dollars i'm 33 can i retire at 67 |
| 1:28.3 | purely fictional fictional fictional fictionalized yes but not too far off from a typical demographic |
| 1:38.8 | you'd like to hear from some people who are not in the 0.01%. Okay. |
| 1:45.1 | All right. |
| 1:46.5 | Could you imagine 33 year old, 14 million? |
| 1:49.1 | I don't know how you do that unless you're with a tech company and it just went through the roof. |
| 1:53.6 | Remember, was it that Robney? |
| 1:56.8 | Yeah. |
| 1:57.0 | Oh yeah. |
| 1:57.9 | He had a lot. |
... |
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