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How much can you actually spend in retirement without running out of money? That’s today on Your Money, Your Wealth® podcast 604 with Joe Anderson, CFP® and Big Al Clopine, CPA. Longtime listener E-Dog built a fifty-year backtest spreadsheet to call out Big Al and prove the famous four percent rule is way too cautious. Hot stuff “Donna Summer” wonders if her biggest problem with her $13 million dollar portfolio is going to be the distributions she’ll be required to take from it and how to manage them. “Hansel and Gretel” in Minnesota are trying to figure out now what a lot of good savers never do: how to permit themselves to spend their $4.3 million dollar portfolio? James in Texas needs a spitball on how much to convert to Roth before Social Security and Medicare kick in, and Mark needs a spitball on whether he should save for retirement to his pre-tax 401(k) or his post-tax Roth.
Free Financial Resources in This Episode:
https://bit.ly/ymyw-604 (full show notes & episode transcript)
Withdrawal Strategy Guide - free download:
https://purefinancial.com/white-papers/withdrawal-strategy-guide/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-withdrawal-strategy-guide&utm_content=ymyw-pod-ep604-description-whitepaper
Financial Blueprint - free, self-guided:
https://purefinancial.com/financialblueprint/?utm_source=captivate&utm_medium=podcast&utm_campaign=financial-blueprint&utm_content=ymyw-pod-ep604-description-blueprint
Retirement Panic? Here’s Your 7-Step Escape Plan - YMYW TV:
https://purefinancial.com/ymyw/episodes/retirement-panic-button/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep604-description-tv-s11e04
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast
01:05 - Is 4% Too Conservative? A Listener’s 50-Year Backtest (E-Dog)
17:10 - Roth Conversion to the Top of 24% Tax Bracket, or Protect My ACA Subsidy? (James, TX)
27:53 - Will RMDs Be My Biggest Problem on a $13M Portfolio? (Donna Summer, CA)
36:47 - $4.35M and Scared to Spend It. What’s Our YOLO Number? (Hansel & Gretel, MN)
44:30 - In My Late 30s With $750K Income: Save to Roth or Pretax 401(k)? (Mark)
49:40 - Outro: Next Week on the YMYW Podcast
51:05 - The Derails: Donna Summer, Hansel & Gretel, Joe's six fridges, and TV
