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In order to retire comfortably at age 60, what should you be doing with your finances when you\\u2019re in your 20s? A framework for getting started planning for retirement on today\'s episode of YMYW. Plus, if you\\u2019re a small business with a SIMPLE IRA plan, is it stupid to save for retirement in a brokerage account rather than a traditional IRA? If you inherited money and promised to donate to charity, should you do Roth conversions? What\\u2019s the most efficient way to pay financial advisor fees, and what\\u2019s a good strategy for making pre-tax and post-tax retirement contributions?\\xa0

Timestamps:

• 00:51 -\\xa0A Framework for Getting Started in Planning for Retirement (Anonymous)
• 05:36 - I\\u2019m 24. What Should I Do to Retire Comfortably at 60? Michael, 24 (Binghamton, NY)
• 12:14 - I\\u2019m 32. Opened a SIMPLE IRA. Is It Stupid to Fund Brokerage Instead of Traditional IRA? (Ron Burgundy)
• 17:42 - I Inherited $450K, Promised to Donate to Charity. Should I Do Roth Conversions? (Allison, Northern Virginia)
• 23:02 - What\\u2019s the Most Efficient Way to Pay Advisor Fees? (Nick, OH)
• 26:06 - Strategy for Pre-Tax and Post-Tax Retirement Contributions? (Dave)
• 29:56 - The Derails

Access this week\'s free financial resources in the podcast show notes at https://bit.ly/ymyw-419

• Cracking the Code - Succeeding Financially at Every Age: YMYW TV & Companion Guide
• Spitballing Retirement Planning in Your 30\'s (and even in your 20\'s!) - YMYW podcast 391
• Top 10 Most Popular Your Money Your Wealth Podcast Episodes - Spotify playlist
• Schedule a free financial assessment with Pure Financial Advisors
• Episode Transcript
• Ask Joe & Big Al On Air
• (plus a photo of YMYW listener Nick\'s cute dogs!)