If you enjoy learning how common financial instruments can be used to achieve incredible results, you’ll enjoy this show.
Joshua
If you enjoy learning how common financial instruments can be used to achieve incredible results, you’ll enjoy this show.
Joshua
The Law by Frédéric Bastiat (i.e., my 2018 Tax Day celebration) traffic.libsyn.com/radicalpersona…
540-Is US Government Bankruptcy a Sure Thing? A Friendly Debate with David Stein, Host of Money for the Rest of Us traffic.libsyn.com/radicalpersona…
I would love to know what you used to calculate the withdrawal from the IRA that was making interest
At 22:30 you say: If you die early great.
This was regarding avoiding RMDs from traditional IRAs. I thought it was funny. I get what you mean but dying is an extreme measure to reduce taxes
I recommend investing as much as you need to retire in a Roth IRA, no more no less. Then invest even more in taxable accounts to build liquid wealth.
Having that liquid investment account will give you opportunity. Let’s say you want to start a business but you locked all of your money in a retirement account. It’ll be difficult to have the capital to get it going.
However if you have a healthy retirement fund going AND a healthy taxable, liquid investment account going you can use that liquid account to fund your business idea.
Thank you for this podcast. I leaned something! I was not aware I could contribute to my wife’s Roth IRA as long as my income equaled or exceeded the contribution limit. I I thought she needed earned income)
Another reason to convert to Roth is to reduce your MAGI, even if you expect to be in the same tax bracket. My plan is to keep MAGI low enough to avoid paying little or no tax on social security benefits.
In this episode you mention that you think folks should have earned income, i.e. a job, through out their whole life. How does this jive with the FIRE idea?
As a patron of the show I’d be interested in your views on the basic idea of the RE part of FIRE. Can’t recall an episode where you expounded on this. I’d guess you might have already.
Thanks!
I will cover this topic very soon on a stand-alone show.