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If you\u2019re in your 50\u2019s, retirement is probably right around the corner. During this time it\u2019s critical to make the right financial decisions to achieve your retirement goals. In episode 29 of the YMYW podcast, Joe Anderson, CFP\xae and Big Al Clopine, CPA break down 9 financial tips to help you enjoy a rich retirement, whether you\u2019re a late bloomer or you\u2019ve been saving up money for years. Find out how to build wealth now and for the future. Original publish date May 14, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

05:27 - \u201cWhen you turn 70 \xbd and you have retirement accounts, there\u2019s a mandate that you have to take a certain percentage out of the account per year, and each year as you age that percent increases\u2026when you have multiple accounts you have to be careful\u201d

08:55 - \u201cA Roth IRA does not have a required distribution; but if you have a Roth 401(k), the Roth 401(k) does have a required distribution\u201d

11:28 - \u201cThere is no age limit for a Roth IRA contribution\u201d

13:30 - \u201cIncome limits could prevent you from contributing so here are the new rules for 2016\u201d
20:01 \u201cWhat\u2019s happening now, especially with a lot of Baby Boomers is a lot of them are working longer than they want to work\u2026in other cases people are having to reduce their lifestyle\u201d

22:19 - \u201cHere are some quick steps to build wealth in your 50\u2019s\u201d

28:38 - \u201c22 percent are very confident they will have enough money in retirement according to the Employee Benefit Research Institute\u2019s annual retirement confidence survey\u201d

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