Podcasts about save for retirement

Can Claire and her husband retire early at age 60? Today on Your Money, Your Wealth® podcast number 490, Joe Anderson, CFP® and Big Al Clopine, CPA spitball for them and explain how to calculate how much you'll need in retirement. Plus, should Jeff invest his pension money more aggressively, and should he save to his thrift savings plan or his Roth? Should Paula save to her brokerage account or her 401(k)? When and how much should Ken and Fume Guzzler each convert to Roth? The IRS charged Lex late fees for not paying estimated taxes throughout the year on her Roth conversion - find out how to avoid that yourself. Finally, how can Ken get out of an annuity? And is it harmful for Sarah to advise co-workers with little financial experience? Visit the show notes to access the YMYW Podcast Survey and secret password, all of the following free financial resources, and the episode transcript: https://bit.ly/ymyw-490 FREE DOWNLOAD: Retirement Readiness Guide WATCH: Is There a Formula For Retirement? - YMYW TV REQUEST: Retirement Spitball Analysis SUBSCRIBE: YMYW on YouTube DOWNLOAD: more free guides READ: financial blogs WATCH: educational videos SUBSCRIBE: YMYW Newsletter YMYW Podcast Survey: Visit the show notes to access the survey and secret password Timestamps: 00:00 - 7th Annual YMYW Podcast Survey: your chance at a $100 Amazon e-gift card! 00:46 - Show Intro 01:36 - Retirement Spitball: Do You Agree We Can Both Retire at Age 60? (Claire, OR) 10:03 - Retirement Spitball: More Aggressive With Pension? TSP Instead of Roth? (Jeff, South Carolina) 15:09 - Retirement Spitball: TSP + Rollover IRA = $3M. Convert to Roth? (Fume Guzzler, NYC) 20:33 - Is There a Formula for Retirement? Watch YMYW TV, Download the Retirement Readiness Guide 21:42 - Is It Harmful to Give Advice to Coworkers With Little Financial Experience? (Sarah, Phoenix, AZ) 26:17 - How to Get Out of an Annuity (Ken - voice) 29:03 - Tax-Efficient Retirement Distributions: How's Our Roth Conversion Strategy? (Ken, Southern California - voice) 33:49 - How to Request a Retirement Spitball Analysis 34:40 - IRS is Charging Me Late Fees for Not Paying Estimated Taxes on Roth Conversion! (Lex Martin, Maryland) 38:43 - Should I Save to the Left Pocket (Brokerage) Instead of the Right (401(k)? (Paula, TX) 46:26 - Show Outro 48:02 - The Derails

Most families could do a lot more with a lot less with a bit of financial know-how and discipline, and that's why Brad is passionate about personal finance. A big goal of parents is sending their kids to college. College kids basically can't work their way through anymore. Parents can start saving generally and later earmark that savings for college. Lauren asks about having to choose between saving for college and your own retirement. On the bright side, as evidenced by packed college campuses, most people figure it out. Brad shares a concrete example about a father who planned for 4 kids to go to college successfully. The two also discuss lifestyle inflation and the importance of auditing your income and expenses. Then, they transition to a discussion around estate planning. Brad shares a sad story about a mistake that cost a family $100,000. Brad encourages us all to have conversations with our spouse about college planning for the kids sooner than later. Problems can arise when parents don't agree. Also, be careful what you commit to for college in front of your kids. Saying “we'll figure it out” was easier 15-20 years ago. You could be committing to hundreds of thousands of dollars. Brad ends by reminding us to get started now. If you liked this episode, you'll also like episode 175 about student loans and 33 about estate planning. About Brad: Brad Baldridge, CFP, is founder of Baldridge Wealth Management. He specializes in working with individuals and business owners to reach their personal and financial goals. Brad received a Bachelor of Science degree from the University of Wisconsin – Platteville in 1990. He is a Certified Financial Planner professional and a member of the local and national chapters of the Financial Planning Association. Brad is well-known in his community where he conducts many workshops on college funding planning and how it impacts retirement. He is a co-author of a book written to educate business owners on financial topics. His articles have also appeared in newsletters for local chambers of commerce and other business owner groups. Connect with Brad: https://tamingthehighcostofcollege.com/ https://baldridgewealthmanagement.com/ Connect with Lauren: https://twitter.com/AdultingIsEasy https://www.instagram.com/@adultingiseasyreal https://www.housemoneymedia.com/

In this vault Ask Shannah, I'm sharing how to plan financially as a couple with a large age gap. Money as a couple is stressful enough, but there are a few things to consider when you have a large age gap. I'm sharing a bit about my relationship with other couples I've worked with. Links Wild Business Growth podcast episode The Money Nerds podcast Apply for one-on-one Emotions-Based Money Coaching with Shannah https://etmpod.link/coaching  Ask Shannah questions - submit your question here https://etmpod.link/askshannah  Freebie: 10 Money Questions to Ask Yourself Money Guide https://etmpod.link/10moneyq  Follow me on Instagram  Leave a 5-star Review here https://ratethispodcast.com/etm Subscribe to our YouTube Channel https://www.youtube.com/@EveryonesTalkinMoney SPONSORS Thanks to ASPCA for sponsoring the show. To explore coverage, visit ASPCApetinsurance.com/ETM. Thanks to Notion for sponsoring the show. Notion is my go-to tool for managing notes, to do lists, and action items. Try Notion for free when you go to Notion.com/ETM. Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/  Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm for free shipping on your order and 365-day returns.  Thanks to NerdWallet for sponsoring the show. Don't wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. ​​After trying out Monarch for myself, I understand why it's the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM.  Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com.   Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the Portfolio Waterfall? With it, can you really get a SAFE 6% withdrawal rate in retirement? Is the 4% rule dead in light of this new, revolutionary, strategy? 00:00 - Intro 00:39 - Brainstorming with Bears, Honey, and Helicopters 06:12 - Portfolio Waterfall Explained 13:21 - Results of My Portfolio Waterfall Study - (20 years) 15:07 - What's the Tradeoff?? 17:17 - 30 Year Results 18:15 - 40 Year Results 18:55 - 50 Year Results 19:27 - Characterizing the Portfolio Waterfall 20:15 - 60 Year Results 21:03 - Ending Nest Egg Value Tradeoff Abated! 21:37 - My Thoughts on These Results 22:13 - Assumptions for My Proof of Concept Model 23:01 - Historical Data 27:40 - Simulated Data  35:41 - Portfolio Waterfall Website - https://portfoliowaterfall.com/ 36:27 - Closing Thoughts Today's episode covers a very new and revolutionary topic that applies some NEW ideas. For this reason, in today's story, Jay shares a how some seemingly silly brainstorming resulted in a real solution to power outages in Alaska. This story involves bears, honey, and helicopters. The lesson here in is how real solutions and progress can benefit from open-minded efforts to think critically even when an idea seems pretty out there. The main topic explains a revolutionary new retirement distribution strategy - the Portfolio Waterfall! This is the brain child of the financial adviser, Josh Curtis. These results are ASTOUNDING! Can this strategy actually DOUBLE your income in retirement? Is the 4% rule history? Be sure to listen all the way through to fully understand the assumptions of this model. The simulated results required a new method of modeling fully unique to our work here at HopeFilled Financial Coaching. We welcome your comments and questions on this topic. We are sincerely excited to share this exciting strategy with you. For more background on this strategy check out these videos: Mutual Funds Uncovered: https://youtu.be/TJGnWQMMtAA  New Retirement Study: https://youtu.be/I8TFUMUnG3E How to Never Run Out of Money: https://youtu.be/NDYPoIBeX0A Kicking the Bucket Retirement Strategy: https://youtu.be/JDfOsfrIhFs Viral 8% Dave Ramsey Call Episode: https://www.youtube.com/watch?v=BugfOEGzG0Y Note: I mentioned in this episode that the latest study I completed for comparison is from January. This study and the above episode on it were published in March of this year even though the work on the model started in January. Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new episode every Tuesday! Subscribe if you don't ever want to miss an episode! You can submit a question on our website (hopefilledfinancial.com) or message us on Facebook (@HopeFilledFinancial). Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own. Our Website: HopeFilledFinancial.com Music: "Take Me Higher" by Jahzzar Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-sa/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

What is a UK pension and how does it work? We'll be answering this, and much more, on today's episode. Also, here are some of the links that we mentioned:

Welcome to our latest episode on personal finance, where we explore the critical topic of retirement savings and why it's never too late to start. In this episode, we'll break down the common reasons people delay saving for retirement and provide actionable steps to help you start saving today, no matter your age.   Topics Covered: - Why people delay saving for retirement - The importance of long-term financial planning - The power of compound interest and time - Real-life case studies: Starting to save in your 20s, 30s, 40s, and 50s - How much you need to save monthly to reach $1 million by age 65 - The benefits of starting late and how $500 a month can still make a difference -Actionable steps to kickstart your retirement savings today   Don't forget to like and share this video on YouTube, Rumble, and Meta! Subscribe to our channel on YouTube and follow us on Rumble for more valuable financial tips and advice. **Support the Stream By Shopping at Our Store**    Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop    YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/   If you are in need of a Financial Coach, don't waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #InvestInYourself #PersonalFinance #FinancialEmpowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #RetirementSavings #PersonalFinance #FinancialFreedom #SaveForRetirement #CompoundInterest #InvestingTips #RetirementPlanning #LateStartSaving #MoneyManagement #WealthBuilding

6/03 - The reasons people don't save for retirement

Kyle and his fiancée are in their 30s, have done a great job saving, and are in a high tax bracket. Would it make more sense for them to contribute to their 401(k)s or Roth 401(k)s for retirement? Mick's wife Pam has both W-2 and sole proprietor income - where should she save for retirement? That's today on Your Money, Your Wealth® podcast 480 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, the fellas spitball for Janet on where junk bonds belong in a portfolio, they untangle the pro-rata and aggregation rules concerning 401(k) to Roth conversions for Nancy, and they spitball on whether Cary and Mark should retire now or work for two more years when pensions will provide them an extra $50K a year. Free financial resources and transcript: https://bit.ly/ymyw-480 2024 Key Financial Data Guide - free download Timeless Wisdom from Warren Buffet and Charlie Munger, Berkshire Hathaway's Dynamic Duo - read the blog Understanding Stock Market Indexes - read the blog Free retirement calculator - EASIretirement.com Ask Joe & Big Al On Air for your Retirement Spitball Analysis Timestamps: 00:00 - Intro 00:57 - We're in Our 30s and in a High Tax Bracket. Where Should We Save for Retirement? (Kyle, WI) 07:34 - Junk Bonds Explained (Janet, the Bronx) 13:19 - Does Pro-Rata Rule Apply When Converting 401(k) to Roth 401(k)? (Nancy, SE Wisconsin) 20:37 - We Have $4M. Should We Retire Now or in Two Years When Pensions Provide an Extra $50K/Year? (Cary & Mark, Los Angeles) 27:50 - How to Save for Retirement with Sole Proprietor and W-2 Work? (Mick, Davis, CA) 36:47 - The Derails

David talks about the Power of Zero “philosophy,” as well as a recent Penn Wharton study saying that, if all we do is continue on this same course, by 2043 there will be no arrest in the financial collapse of our country. 95% of Americans have the lion's share of their retirement savings sitting in what we call tax-deferred vehicles like 401(k)s and IRAs. A big problem most Americans face: every year the IRS gets a vote on what percentage of your profits they get to keep. David shares the Power of Zero origin story and he explains what someone should do to get as close as possible to someone else. David addresses the question “Where should we be investing our retirement dollars? $29,200 is the limit under which you'll get to experience the water. “A lot of people don't realize that their social security number can be taxed,” says David. Mentioned in this episode: David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free 3-part video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Penn Wharton The Insurance Buzz

How long does the average person live? How will that impact their retirement?  How much money do you need to live comfortably when retiring? When do you start saving? How do you start saving?  Economist Ed McKnight joined Jack Tame to dive into how to save to make your retirement work.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Should you save 15% (Money Milestone 6) for retirement or enjoy that money now? After reading a few books and watching some videos, a listener is wondering whether saving for the future is the right move. On this episode, Art answers this question and provides some eye-opening retirement statistics. Resources:8 Money MilestonesFree Resources from Christian Money SolutionsAsk a Money Question!

Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child's future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

With more than 10,000 Americans turning 65 every day, 45% of Americans reporting no savings at all, and of the 55% who have retirement saving, over half report that they have less than $250,000. Given the a person making $40K/year will need to have saved $1M to have a dignified and comfortable retirement, it's clear that America is heading for a retirement crisis. Ali Khawar is the U.S. Department of Labor's Principal Deputy Assistant Secretary of the Employee Benefits Security Administration (EBSA), which is responsible for overseeing retirement benefits programs for millions of working Americans. He talks about the disparities in retirement savings among different groupings of Americans, and some of the contributing factors. Most significantly, he lays out what the federal government is currently doing to help greater numbers of Americans save more for their retirement years.

Ever found yourself struggling to navigate the choppy waters of financial planning? You're not alone. In our latest podcast episode, we tackle the real-life conundrum faced by a Reddit user - the challenge of choosing between funding their Roth account or maintaining a whole life insurance policy amid the rising costs of a new home purchase. As your hosts, Jake and Kirk, we dissect the intricate details of whole life insurance policies, with a special focus on their savings component. We'll also dive into how they measure up against the benefits of a Roth account, shining a light on the decision-making process for those in a lower tax bracket, and addressing the elephant in the room - the potential conflicts of interest lurking behind financial advisors' recommendations.This episode isn't just about making tough calls; it's an expedition into the vast landscape of life insurance and its role in securing your financial future. We discuss the merits of term insurance versus the investment-like allure of whole life policies, and we don't shy away from the hard-hitting realities of biased advice. With our expertise, we aim to guide you through understanding the true motivations behind the guidance from financial advisors, many of whom might also be insurance salespeople. Our conversation is candid and tailored to empower you with knowledge, so you can seek out a financial advisor who truly has your best interests at heart. Join us as we illuminate the importance of making informed decisions that resonate with your personal financial goals, and help you embrace the art of managing life insurance and retirement savings like a pro.Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346

Today's episode is part 4 of David's interview for Jesse Wright's podcast, and it addresses the best way to figure out how much money you'll need to be able to retire. David explains how to be able to identify what your retirement shortfall is going to be.  There are different approaches and each one comes with its unique traits – David discusses his favorite. Citing Suze Orman, David shares his thoughts on what the new retirement age should be. Jesse and David touch upon living abroad while in retirement, what that actually entails, and Act 60. David shares his experience living in Puerto Rico, and shares his #1 actionable retirement planning tip for people in their 50s.   Mentioned in this episode: David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free 3-part video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Suze Orman

If you don't have a 401(k) available to you at work, or you have one but no company match is offered, what are the best strategies to help you save for retirement? We're discussing the strategies out there and what might be the best one in your situation on this episode of Wise Money. Season 9 Episode 20 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call 574-247-5898. Find more information about the Wise Money Show™ at www.wisemoneyshow.com    Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow  Twitter - https://twitter.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/    Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog  Watch the guys in the studio: https://youtu.be/flvym7ByMts  Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow   Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Learn about working with me to help you get your money sh*t together: veronicagrant.com/workwithmeWant to chat with me first before booking? Schedule a 15-minute chat with me here.Episodes mentioned:Step-by-step plan for your cashConnect with me:TikTokInstagramRun Your Money NewsletterMoney Checklist for Women Hosted on Acast. See acast.com/privacy for more information.

Can my baby really start saving for retirement with a Roth IRA? We have two Roth IRA questions in this episode. One is about a Custodial IRA, and the other is about using a Roth IRA for college expenses. Plus, we introduce the “A Generous December' calendar!Resources:Money in the Light of EternityFree Resources from Christian Money SolutionsAsk a Money Question!

Congress is currently considering the “Retirement Savings for Americans Act,” an ambitious bill that seeks to create a national retirement system. Back in April 2021, two economists told us about their bipartisan plan to help millions of low-income Americans save for retirement.

We talk a little differently about how much you need to save for retirement compared to what Dave Ramsey recommends. So what do we recommend, and why? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

Do you ever wonder how much you should be investing into retirement? Do you know how much you will need when you actually retire? These questions and more will be answered in Episode 41 of the HopeFilled Financial Podcast! Today's story is about Jay and his brother Jordan and how they approached grades in college very differently!  The budget tip is to track retirement early! You want to get to the point where you know your bases are covered and you are saving enough for your future. The listener question comes from comments we got on Episode 37: Dave Ramsey is WRONG! Dave's Advice Can Leave You Broke! Some clarification was needed on how Jay's example was calculated compared to Dave's. https://youtu.be/qreKWpoRxCc The main topic is all about how much you need to save for retirement and what you can do now to prepare. Don't let retirement scare you. Be informed and make smart decisions so you can retire with dignity. Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new episode every Tuesday! Subscribe if you don't ever want to miss an episode! You can submit a question on our website (hopefilledfinancial.com) or message us on Facebook (@HopeFilledFinancial). Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own. Our Website: HopeFilledFinancial.com Music: "Take Me Higher" by Jahzzar Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-sa/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

How much do you REALLY need to save if you want to retire? Why are so many scared to find out? Is there an easier way to do it? Anti-Financial Advisor - Chris Miles will share exactly WHY many have no idea what it takes and why so many aren't making it. He'll also share how some of his clients have done it MUCH faster with less money.

When people find out that I am a financial advisor, they usually ask me about retirement. Specifically, they want to know the best ways to save in order to secure their financial future. So in this episode, I'm giving you my three favorite ways to save for retirement and the pros and cons of each strategy.  You will want to hear this episode if you are interested in... The pros and cons of a 401k [1:33] The pros and cons of a Roth IRA [8:03] The pros and cons of a Health Savings Account [11:32] Getting the full 401k picture One of the biggest pieces of the retirement puzzle is saving. You have to be able to save enough money during your career to sustain you through retirement when you stop working. How you go about it is up to you, but the first place I would start is a traditional 401k. The biggest pro to a 401k is that many employers will match your contributions at 3% or more. You also have the added benefit of payroll deduction, so it's easy to “set and forget” your way to retirement success. However, it's not all sunshine with 401ks. There are some cons you should be aware of. The first is the standard annual contribution limit of $22,500. Also, you are subject to a withdrawal fee if you try to take out money before you turn 59 and a half. Some 401ks can have high fees, and you could be limited on your investment options depending on who your employer goes through. Finally, 401ks have Required Minimum Distributions, which force you to take out a certain amount of money after the age of 73. Additional retirement saving strategies My second favorite retirement saving method is using a Roth IRA. This is a great way to invest after-tax money where it can grow tax-deferred. You can also withdraw the money tax-free because it was already taxed when it went in. Depending on the company you work for, Roth IRAs tend to have a large selection of investment options, and there are no Required Minimum Distributions like with a 401k.  Health Savings Accounts (HSAs) are my third and final retirement savings strategy, and it's one regular listeners of the podcast should be familiar with. I talk a lot about HSAs because they are the only triple tax-free account out there. You receive a deduction when you put the money in, the money grows tax-deferred. When you take the money out for health-related costs, it's also tax-free! It's a win all the way around. Listen to this episode for more retirement saving strategy pros and cons! Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

On a new Road to Retirement with Tripp Limehouse explores financial planning do's and don'ts. Tripp shares ten tips to help you save more in retirement. He offers strategies to help you stretch the dollars you've saved for retirement. And, as always, Tripp returns to the hot seat to answer the most common retirement planning questions. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.

In today's episode I sit down with my very own Certified Financial Planner, John Olson to ask all the hard questions we need answers to when being self-employed and figuring out how to navigate not having PTO, an employee-based retirement savings fund, and health insurance. In today's episode, we cover: The best options you have for savings for retirement in private practice and at what stage you can take advantage of them. And debunking the myth that being self-employed makes it harder to save for retirement. How to navigate health insurance in private practice A plan to have in place for disability John Olson  2250 Financial Services Inc 251 Najoles Road, Suite G, Millersville, MD 21108 410-774-6723 https://www.2250financial.com/ Resources from the show: Download the Free SEO Guide for Beginners Here Looking to Scale Up this fall and want to add your first additional revenue stream into your practice? Join my Scale Up Mastermind this September and let's transition you from 1-1 clients to adding a group practice or online course.  For more information on the Scale Up Mastermind, check it out here. Send me a DM on insta and let me know what you think of the show! Sign up for Jane here and get the first month free using the code word AMBITION as check out.  

If Christians are supposed to store up treasures in heaven, is saving for retirement acceptable? Is it wise to save for something we might never see?In today's episode, Pastor Derek has on guest, Jordan Rossler, to talk through the concept of retirement and what it means for the believer. We look at some different Scriptures that talk about money and how we ought to handle it and the ways that Christian's can reconcile that with saving for retirement. We hope that as you listen, you are encouraged to use money wisely and be a good steward of what God has given you.The 17:17 podcast is a ministry of Roseville Baptist Church (MN) that seeks to tackle cultural issues and societal questions from a biblical worldview so that listeners discover what the Bible has to say about the key issues they face on a daily basis. The 17:17 podcast seeks to teach the truth of God's Word in a way that is glorifying to God and easy to understand with the hope of furthering God's kingdom in Spirit and in Truth. Scriptures: Matt. 6:19-21; 1 Tim. 6:17-19; Col. 3:23; 1 Tim. 6:10; Luke 16:13; Matt. 6:25-34; Luke 12:16-21; Prov. 11:25; Prov. 21:13; 2 Cor. 9:6-7; Prov. 22:7; Prov. 13:11; Matt. 25:14-30; Prov. 21:20; Gen. 41; Prov. 13:22.Please listen, subscribe, rate, and review the podcast so that we can reach to larger audiences and share the truth of God's Word with them!Write in your own questions to be answered on the show at 1717pod@gmail.com.  God bless!

The Bible doesn't have a category for retiring from ministry. We may retire from a paid vocation, but never from loving and serving others.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3279340/advertisement

The Bible doesn't have a category for retiring from ministry. We may retire from a paid vocation, but never from loving and serving others.

On this episode of Wealth Wednesday we discuss a CNBC Make It article that explores how much people in their 20's need to invest each month to have $1.2 Million by the time they turn 60 years old.

If you're trying to save for retirement, you'd be wise to consider a better way than a 401(k) or IRA. Too many people use these types of savings vehicles without...

64% of Generation X has stopped saving for retirement. Calling complete bull-excrement out on this study. www.watchdogonwallstreet.com

Book a free 30 minute financial coaching session with us!⁠⁠⁠⁠⁠⁠ ⁠ In this episode, we answer a question from a client about how to know the amount of money she needs for retirement. It's a great question to ask, the earlier the better. We cover: Defining your retirement vision: You can't know how much you need until you know what you want! Retirement planning requires casting vision for your ideal post-work life. The need to consider personal preferences and goals for the next season of life. The importance of open communication with partners/spouses about shared retirement vision. How to create a retirement budget-- it's going to be different than your current budget! (think paid off mortgage, hobbies, travel, grandkids, etc!) How to use that budget to calculate your annual retirement expenses How to plan how much income you'll need in addition to any expected income How to use the 4% rule as a conservative guideline for sustainable withdrawals from your investments. How to get your magic retirement number that is a clear retirement savings goal. Here is another episode to listen to about retirement calculations. ⁠Book a free 30 minute financial coaching session with us!⁠⁠⁠⁠⁠ ⁠ Visit Our Website  "I love Shana & Vanessa and this podcast is amazing!"

Do you struggle with managing your finances because you're busy thinking of building wealth for your future and your future generations? Do you feel like a little reluctant about saving for your retirement as an entrepreneur? In today's episode, I share how you build generational wealth for the next generation, even the behind-the-scenes look at how I do it! If you're tired of waking up to the fact of not having generational wealth and having to kind of start from scratch, make sure you listen to this episode!   If you're serious about mastering your money, I invite you to download my Financial Freedom Formula, a FREE video where I break down the mindset that you need to create financial freedom in your life: https://bit.ly/3WsMIxZ   Join my free upcoming Masterclass all about how to consistently get clients: https://bit.ly/3IB3mpg   Want my help to grow your business? Book a free strategy session now: https://bit.ly/3orLkz4   Need to build your brand from scratch? Click here to apply to my new program: https://bit.ly/3q5Xuhv   Mentioned in this episode: Business is Personal: The Truth About What it Takes to Be Successful While Staying True to Yourself by Bethenny Frankel: https://amzn.to/3MeGg97   Related Episodes: 159 Family Business - How to Run Your Family Finances Like a Corporation: iTunes: https://podcasts.apple.com/us/podcast/159-family-business-how-to-run-your-family-finances/id1264659520?i=1000607320516 Spotify: https://open.spotify.com/episode/4iyIAAijmlA02xFibcDa6w?si=405a51e1760a4872   100 FIRE'd Up: How I'm Getting Started with "Financial Independence Retire Early" (FIRE): iTunes: https://podcasts.apple.com/us/podcast/100-fired-up-how-im-getting-started-financial-independence/id1264659520?i=1000463368835 Spotify: https://open.spotify.com/episode/6U3UlSxRUcUdMjajDBBE1W?si=GuQqylaMSJ2S26N2q2SsHg   Want to know the system I used to rapidly grow my business and quit my job? Find out more here: https://bit.ly/3IB3mpg   Follow me on Instagram! https://www.instagram.com/courtneylsanders/ Subscribe on my Youtube channel: http://youtube.com/courtneylsanders

How much should you have saved for retirement? Are you on track? I get questions like these often from people—and for good reason. Retirement is lasting longer for some people and there are many people who want to retire early so, really, you probably need to be saving more. But how much more should you be saving? There are a lot of variables that come into play, so in this episode, I'll discuss a few of the most important things to keep in mind. You can find show notes and more information by clicking here: https://bit.ly/43yOekh

The question I get asked the most is, "How much money should I save for retirement." In this solo episode, I'm sharing 4 steps to figuring out how much money you save during your working years for retirement. Links Investopedia article, How Much Do I Need to Retire Retirement Income Calculator NerdWallet article, How Much Should You Save for Retirement SmartAsset Retirement Calculator How to Train Your Brain to Achieve Money Goals episode LEAVE US A REVIEW Leave us an honest rating and review, pretty please. Head to the podcast player you're listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts.  Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! GOT A QUESTION? Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares MORE MONEY TIPS Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you worried about how much money you should be saving for retirement? You're not alone. It's a common question that many people have, and it's important to get it right. In this video, we'll discuss how much you should be saving for retirement and whether 15% of your income is enough to retire. **To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://calendly.com/pearlwealthgroup/discoverycall ** ☎️ ❌ **Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.** ❌

Is there a new crisis at the border? Title 42 is now over. We go In Depth. Twitter has a new CEO but will she thrive under Elon Musk? Can science and medicine lead us to immortality? We talk to a doctor who can answer that question.  To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

A new survey found that more and more working Americans say they don't feel confident they'll have enough money to live comfortably when they retire. And nearly half of all Baby Boomers report having no money saved for retirement. Reset turns to Christine Benz, a personal finance and retirement planning expert, for advice.

It might not be top of mind if you own a small business, but you need to have an exit strategy! In this episode, we're looking at retirement plan options for you (and your employees if you have them), so you can be on the road to true financial independence! MoneyWorks  MoneyGuide 

Are you trying to figure out how much money you need to save for retirement? This can be a tough question to answer, but it's important! In this episode, I share the best way to figure out how much money you need to save and some tips on how to make it happen. Enjoy! Every Tuesday, Tiffany answers one of your submitted questions. To submit a question for an upcoming episode, visit here: https://www.moneytalkwitht.com/asktiffany Key Takeaways When calculating how much to save for retirement, consider the age you plan to retire and ensure the money lasts until the end of life expectancy. Determine what your desired lifestyle in retirement will be and calculate how much income you need each year to maintain this lifestyle. Think about your expected sources of retirement income, such as pensions, annuities, social security benefits, etc. Consider how much risk you can tolerate with your investments depending on how close you are to retirement age. Ask yourself if you want to keep working part-time after retiring and if tax deferral strategies such as 401ks or Roth IRAs should be used for retirement planning. Factor in any other expenses, such as healthcare and long-term care costs.

There was a time in my life when from an outsider's perspective, I had it all. I had an awesome job traveling around the country, I had a circle of hugely successful friends, and I did not seem to have a care in the world. The reality is that, like many overachievers, I was drowning. I felt I was not good enough. My energy was zapped daily with the stress of life, career, and relationships. The truth is that I was disconnected from my real values and beliefs and doing everything I could not to be aware of the dissatisfaction and pain I was feeling inside. Today's guest is the master of engineering the life you desire. After living on three different continents and experiencing distinct cultures, Michael Bauman has learned the key to transitions.In this episode, Michael and I discuss how we can engineer the life we want and are meant to live. Here are three takeaways from our conversation: First, we speak about starting with WHY (we learned this from Simon Sinek).  May of us have outer success but don't feel like we are successful in all areas of life. Starting with why helps you identify what drives you and define success for yourself. Two, research says we have saboteurs that keep us in negative emotions instead. of the positive emotions that can help us reach happiness. People who achieve happiness also have been found to have a higher level of happiness. Three, radical acceptance is a great way to deal with emotion. The acronym RAIN is an easy-to-remember tool for practicing mindfulness and compassion using the following four steps:Recognize what is happening;Allow the experience to be there, just as it is;Investigate with interest and care;Nurture with self-compassion.You can take your time and explore RAIN as a stand-alone meditation or move through the steps whenever challenging feelings arise.Here is a bit more about Michael:  A moment that changed his life, receiving the news of his first child, led him to decide to move to China with his wife. His decision has led him to grow professionally without knowing the language or the culture. Michael was born and raised on the balmy tropical island of Papua New Guinea and has traveled worldwide, witnessing and participating in numerous cultures, perspectives, and fundamental values and belief systems. Currently, he lives with his family in the beautiful city of Hangzhou, Chinad. Michael is launching a phenomenal mastermind. If you want to find out more, you can do so hereConnect with Michael here: WebsiteIGLinked-InPodcastIf you want to find out what sabotaging behaviors you have that keep you from living your best life, feeling happy, and engineering your success, take the quiz here to find out how you sabotage and how you can TAKE the Saboteur quiz hereSupport the showThank you for listening to our podcast. Visit our website Join our Facebook GroupInstagram, TikTok We love reviews! Please leave us a review.Contact us if you want to Launch, restart, grow your podcast.

It's important to figure out how to save for the future and still have fun today - so what does that balance look like? We'll walk you through that question and more in today's Q&A episode! Check out our NEW course, Know Your Number! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok

Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Dave Ramsey & George Kamel discuss: Types of term life insurance, How to choose where to live during retirement, The best retirement savings options, When to know when to move up in house. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Listen to a free chapter of Dr. John Delony's audio book, Own Your Past, Change Your Future here: https://link.chtbl.com/lMRPRhx0 Dave Ramsey & Rachel Cruze discuss: Dealing with a toxic work situation, Whether or not to convert to a Roth, What to do when your grandparents want to give you a whole life policy, How to think through selling your business. Support Our Sponsor: Christian Healthcare Ministries: https://bit.ly/2XBZfE3  Churchill Mortgage: https://bit.ly/2JcfkGy Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6