Tom and Roxy Butner to co-host a packed episode of Talking Real Money, tackling the ever-elusive "magic number" for retirement with a healthy dose of realism, humor, and data. They dig into a Northwestern Mutual study that shows Americans lowering their retirement savings goals—even as confidence continues to slip. Roxy breaks down why retirement planning is all about cash flow, not some mythical lump sum. They field questions on company stock in 401(k)s, bonus check strategies, RMD tax strategies, and how to get young people started right. From Monte Carlo analysis to Roth IRA advantages, the duo bust myths and offer practical steps listeners of all ages can act on today.

0:04 Tom introduces Roxy and the episode’s core question: “Do I have enough to retire?”
1:01 Why the idea of a single “magic number” is misleading and varies by lifestyle
2:41 Roxy: $600k may be enough—or $3M might not be; it’s all about cash flow
4:32 Despite lowering their goals, only 51% believe their retirement plan will work
6:15 Roxy explains Monte Carlo analysis and why asset type (Roth vs. pre-tax) matters
7:31 Why tracking actual spending matters more than estimates before retirement
8:32 Caller: Should we sell the company stock in my wife’s 401(k)?
9:18 Tom warns of overconfidence and stock concentration risk, citing WaMu collapse
10:45 Roxy and Tom agree: diversify ASAP—don’t let company loyalty cloud judgment
12:14 Historical cautionary tales on once-great companies that fell apart
13:26 Regional bias: How geography skews investor confidence in local companies
14:46 Caller: What to do with a $20k bonus after maxing out the 401(k)?
16:11 Roth IRA contribution options for him and his wife, and the 5-year rule
18:10 Bonus: Enhanced catch-up contributions for ages 60–63 explained
20:31 Caller asks about RMDs, tax planning, and long-term care deductions
21:53 Only qualified charitable distributions (QCDs) avoid tax on RMDs
23:24 Roth contributions early in life can lead to massive long-term advantages
24:47 Caller asks about a bond fund change in her HRA and 60/40 portfolio safety
29:45 Why “safe” is the wrong word—know your plan, goals, and risk tolerance
31:13 Caller wants her daughter to connect with Roxy for help managing her paycheck
32:54 Yes—Roxy helps young clients with budgeting and financial foundations
34:31 Why early saving and simple investing in your 20s is so powerful
36:09 Tom announces upcoming trip to Portland and free portfolio reviews
37:08 Final notes: building trust, long-term planning, and why they love the work

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