Your Money, Your Wealth

How to Calculate Your Retirement Needs in Future Dollars - 431


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How much will money will you need in retirement, adjusted for inflation? Joe and Big Al spitball on your future dollars, how to calculate the tax on Roth conversions, and the benefits of converting to Roth when financial markets are down. Plus, should retirement savings contributions be half pre-tax and half post-tax? And finally, saving to a 529 plan for your kids, or sending them to Hollywood stunt training camp - which would you do!? 

Timestamps:

  • 00:49 - How Much Will I Need to Retire in Future (Inflated) Dollars? (Jared, Clifton Park, NY)
  • 05:51 - Can We Retire Early With $400K Savings and $80K Pensions? That Depends on the Inflation Factor (Marcus, Queens, NYC - from episode 373)
  • 15:22 - How to Calculate Tax on Roth Conversions & the Benefits of Converting in Down Markets (Robin)
  • 20:00 - Should I Save Half Pre-Tax and Half-Post Tax for Retirement? (John Brown, NV)
  • 28:26 - Hollywood Stunt Training Camp vs. Saving to 529 Plan (Mike, Utica, NY)
  • 33:40 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-431 

  • Big Al’s Quick Retirement Calculation Guide
  • 10 Steps to Improve Investing Success
  • Episode Transcript
  • Ask Joe & Big Al On Air
...more
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Your Money, Your WealthBy Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

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