Build Your Marriage and Grow Your Net Worth
You’ve probably heard how giving not only benefits the recipients but the giver. However, what do you do when you’re in debt? Learn how you can pay off debt and give more to the causes that matter most to you! Giving While in Debt? When people ask this, two things jump out at me. First, […]
Want to up your game with your 401(k)?Learn what smart retirement moves you can make to optimize your portfolio and save for retirement!
Last week we look at retirement planning from a high level – figuring out a ballpark of what you’d like your retirement to look like as well as how it fits in with what you’re doing now.
This week we’re focused on a very specific part – figuring out what to invest in when there are plenty of options.
Since I’m not a financial planner and I have no idea of your very specific finances, this episode will cover the process.
In this episode we’ll get into:
Hope you enjoy!
Ready to invest for retirement? Here are some fantastic resources to set things up and help you plan for your retirement together.
Thank you so much for listening to the podcast!
Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.
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Learn how you two can reach your retirement goals without sacrificing fun now. Roger Whitney, The Retirement Answer Man, comes on the podcast to help you plan your retirement.
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Not talking about the fairy tale where you come into a windfall from a distant relative whose left their fortune.
What are you looking forward to? What do you want to do in the next few years? Can you describe how you want your retirement to go?
Whether you have a clear picture of what you want or you’re just starting to think about it, today’s episode will be a fun listen.
Roger Whitney, the Retirement Answer Man, will be on to talk about retirement, and what that actually means for you.
We also get into:
Subscribe to Couple Money Podcast via iTunes, Stitcher, or copy this link to usewith a podcatcher of your choice. You can also chat with me on Twitter and Facebook.
Even though Roger has the intellectual chops to handle finances (he’s a Certified Financial Planner, Certified Private Wealth Advisor, and Accredited Investment Fiduciary to mention a few), his real strength is his holistic approach when helping clients.
He is also the creator and host of The Retirement Answer Man, a weekly podcast helping listeners plan a path towards their ideal retirement.
If you want to learn more, please check out these resources:
If you’re ready to open an investment account, please check out any of these:
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Learn how you two can figure out how much you need for your nest egg!
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Subscribe to Couple Money Podcast via iTunes, Stitcher, or copy this link to use with a podcatcher of your choice. You can also find me hanging out on Twitter and Facebook!
Earlier this week we talked about how easy it is to open and start contributing into an IRA. Preparing for retirement is a huge goal, one that many couples stress over.
And one of the biggest questions on people’s minds is – How much do we need for retirement?
Today I’ll show you how to get that amount.
Even though everyone is different, I think we can start with a few assumptions:
We can’t predict what your retirement will be exactly but we can get a ballpark figure that you can use for your investing plans.
We’ll be using a safe withdrawal rate. Basically this is the maximum you can take out each year without depleting your nest egg.
I’ll be using 4% as the rate. What you want to do is take your annual spending and multiply it by 25.
As you can see, lower your annual expenses has a HUGE impact on your nest egg goal. One of the best ways you can help yourselves is to optimize your spending now.
This isn’t about depriving yourselves, it’s about finding the best ways to spend your money, cutting out the frivolous expenses.
Is 4% the one size fits all solution? No, but it a practical starting point for the two of you shoot for.
Once you have your retirement contributions in place, you can always dig deeper and create a more personalized plan.
If you haven’t started saving and investing for your retirement, go head and do it. You can open an IRA in about 20 minutes and you can automate your contributions.
If you’re ready to begin, please check out any of these:
Until next time, take care!
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