Dave helps you to consider the pros and cons, the emotional and financial implications.

In this episode, Dave Grant discusses the intricacies of Required Minimum Distributions (RMDs) from retirement accounts, including IRAs and 401(k)s. He explains the rules surrounding RMDs, the importance of planning for them, and strategies to manage tax implications effectively. The conversation emphasizes the need for proactive financial planning as individuals approach retirement age, particularly regarding the timing and amount of withdrawals from retirement accounts.

Catch-Up contributions are important for retirement accounts once individuals reach the age of 50. Dave explains the various types of accounts eligible for catch-up contributions, the specific limits for each account, and the benefits of maximizing these contributions to enhance retirement savings and reduce taxable income. The conversation emphasizes the significance of being proactive in retirement planning and taking advantage of IRS provisions designed to assist those nearing retirement age.

Dave Grant discusses the importance of catch-up contributions for retirement accounts once individuals reach the age of 50. He explains the various types of accounts eligible for catch-up contributions, the specific limits for each account, and the benefits of maximizing these contributions to enhance retirement savings and reduce taxable income. The conversation emphasizes the significance of being proactive in retirement planning and taking advantage of IRS provisions designed to assist those nearing retirement age.

Dave Grant discusses the three primary ways to contribute to a 401k: pre-tax contributions, Roth contributions, and after-tax contributions. He explains the benefits and tax implications of each method, emphasizing the importance of choosing the right strategy based on individual financial situations. The episode also introduces the mega backdoor Roth IRA strategy, which allows for larger contributions to a Roth IRA, and concludes with advice on tailoring retirement savings strategies to personal needs.

When to take it and how much you can expect.

What is the 4% rule and how does it affect you? I'll explain the rule here and then you can do the math.

After we talked about how much we will need to retire and today we're talking about where that money comes from.

Dave talks about the cost of retirement and how to think and dream about what you will spend.

This episode will help you understand what the podcast is about and who it is for.

Sneak peak - it's about people wanting to make small, but significant, changes to their retirement approach to make it more successful.

Dave Grant guides you through.