We discuss the Roth vs. traditional IRA debate, the importance of avoiding lifestyle creep, how to think about how much you need for retirement, the benefits of Monte Carlo simulation and a lot more.
02:26 - Prime earnings = prime savings years
05:40 - Combating lifestyle creep
07:45 - The Roth vs. traditional IRA debate
10:03 - the benefits of Monte Carlo Simulation
13:10 - figuring out how much money you need to retire
14:26 - the retirement glidepath
16:25 - how often to revisit your retirement plan
18:20 - do you adjust a retirement plan after bad years?
21:32 - HSAs as part of a retirement plan
23:12 - what to do if you fall behind in retirement saving
27:56 - accounting for social security in retirement planning
29:58 - the biggest retirement mistake investors make in their prime earning years
32:24 - sequence of returns and sequence of experience risk
34:25 - emergency withdrawals from IRA accounts
35:35 - the biggest lessons from the episode
#retirementplanning
#rothira
#montecarlosimulation
ABOUT THE PODCAST
Learning how to be a financial planner is one thing. Doing it is another. Follow along with new financial planners Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau) as experienced veteran Matt Zeigler (@cultishcreative) helps them navigate the complex world of financial planning and learn about the most important topics that impact all of our financial futures. From investments to retirement to college planning to estate planning to insurance and beyond, we will cover the major financial planning issues that impact all of our lives and will provide a framework to help investors tackle them. We hope you will join us on our learning journey.
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