Will Your Retirement Savings Last Until You're 90 Years Old? - 402

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

🗓️ 1 November 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you behind on your retirement savings? What do you need to do to catch up? If you retire in just a few years, will your money last until age 90? Based on the 5-year Roth withdrawal rules, do you need to open a new Roth IRA for each Roth conversion? Plus, Joe and Big Al spitball a health insurance, capital gains, and real estate strategy to save more money and have more wealth in retirement. Finally, they revisit the SECURE Act rules for withdrawing money from an inherited IRA, and Social Security income limits. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bit.ly/ymyw-402

Transcript

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0:00.0	Today on Your Money, your wealth podcast number 402. Are you behind on your retirement savings?
0:06.2	And what do you need to do to catch up? If you retire in just a few years, will your money
0:11.0	last until age 90? Based on the five-year Roth withdrawal rules, do you need to open a new
0:16.7	Roth IRA for each Roth conversion? Plus, Joe and Big Al spitball a health insurance, capital gains, and real estate strategy
0:24.5	to save more money and have more wealth in retirement.
0:27.8	Finally, the fellows revisit the Secure Act Rules for Withdrawing Money from an Inherited IRA
0:32.5	and Social Security Income Limits.
0:35.5	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth,
0:39.6	Joe Anderson, CFP, and Big Al Clopine CPA.
0:43.9	All right.
0:45.0	Next question here is from Atlanta, Georgia.
0:48.7	Another Atlanta.
0:49.9	Yeah, Atlanta.
0:51.2	Mr. Anonymous.
0:52.7	Thank you.
0:53.4	You're welcome.
0:54.6	Greeting Andy, Joe. Mr. Anonymous. Thank you. Okay. You're welcome. Greetings, Andy Joe.
0:57.7	And Roll Tide, Big Al?
0:59.4	Am I a Roll Tide fan there?
1:01.0	You Alabama guy?
1:03.0	Not that I knew of, but I think that might have been some crosswires.
1:07.5	I really enjoy your show and appreciate the information you bring to listeners every week.
	...

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