How to Prepare for Retirement Within 5 Years: 401k, Savings & Investment Changes

Ready For Retirement

A tartalmat a James Conole, CFP® and James Conole biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a James Conole, CFP® and James Conole vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

1M ago 30:28

MP3•Epizód kép

Graham and his wife are in their early 50s and plan to retire in 5 years. He wonders if they should continue maxing out their 401ks, how their investments should change, and what they should do with savings accounts to best prepare for their retirement goals.
James addresses these questions, Graham’s biggest risk as he nears retirement, and potential tax strategies for him to employ.
Questions answered:
Which is a better tax strategy – tax gain harvesting or Roth conversions?
Do I need to have a dedicated emergency fund in cash?
Timestamps:
0:00 - Graham’s question
3:16 - The move from single position
5:43 - Identify biggest risk
8:00 - Tax gain harvesting and Roth conversions
12:14 - Tax strategy
15:14 - Two variables to consider
20:44 - Max out 401k plans?
22:07 - A question of tax
24:52 - Tax plan in action
26:44 - Concern about emergency savings

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Fejezetek

1. Retirement Planning and Risk Assessment (00:00:00)

2. Tax Planning Strategies for Retirement (00:08:23)

3. Maximizing 401k Plans for Retirement (00:20:57)

219 epizódok

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