Podcasts Business Investing Your Money, Your Wealth Retirement Planning With a Large Age Difference: A Case Study | YMYW Extra - 6

Retirement Planning With a Large Age Difference: A Case Study | YMYW Extra - 6

Published: July 9, 2024, 11 a.m.

He's 56, she's 32. How does this 24-year age difference impact retirement plans for "Bonnie and Clyde", and what strategies should they implement now for the most tax-efficient retirement possible in the future? While Joe Anderson, CFP\xae and Big Al Clopine, CPA are on vacation, Your Money, Your Wealth\xae podcast producer Andi Last enlists the help of Pure Financial Advisors' Managing Director Jake Greenberg, CFP\xae, ChFC\xae for a\xa0video case study (complete with visual aids!) on YMYW Extra number 6. Into which types of accounts should Bonnie and Clyde save for retirement? How much of their savings should they convert to Roth and when? Free financial resources and transcript:\xa0https://bit.ly/ymywe-6

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01:19 - Bonnie & Clyde's Financial Situation
06:56 - Health Savings Accounts Explained
08:16 - Real Estate Plans
09:42 - Contribute to Brokerage Account or Roth 401(k)?
11:01 - Bonnie & Clyde's Pre-Financial Assessment: A Video Case Study
23:28 - Tax Diversification Visualized
30:02 - Roth Conversions: When and How Much? Current and Future Tax Brackets Visualized
35:53 - Age Difference and Retirement Date Differences
27:15 - Bonnie and Clyde's Cars, Drinks and Pets
39:57 - Final Thoughts

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