Can "Alanis" retire early at age 60? With "Barney and Betty’s" spending patterns, can they retire ASAP? "Daisy and Donald" need retirement income for 40 years. Can they retire now? That’s today on Your Money, Your Wealth® podcast 493 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, we review the results of the 7th Annual YMYW Podcast Survey (congratulations to jemart for winning the Amazon e-gift card!) and Joe and Big Al take on some critical YouTube comments from Keith, following their interview with Ed Slott, CPA.

Access all the following free financial resources and the episode transcript: https://bit.ly/ymyw-493

WATCH: Retirement Pop Quiz on YMYW TV

DOWNLOAD: Retirement Readiness Guide

REQUEST: Retirement Spitball Analysis

SCHEDULE: free financial assessment

SUBSCRIBE: YMYW on YouTube

DOWNLOAD: more free guides

READ: financial blogs

WATCH: educational videos

SUBSCRIBE: YMYW Newsletter

Timestamps:

00:00 - Intro

00:57 - Are My Estimates Solid for Early Retirement at Age 60? ("Alanis", WA)

10:39 - Watch Retirement Pop Quiz on YMYW TV and Download the Retirement Readiness Guide

11:20 - How Much Money Do We Need to Retire ASAP? ("Barney and Betty", NE New Jersey)

24:36 - Can We Retire Now? ("Daisy Duck", Emerald City)

30:48 - Subscribe to the YMYW YouTube Channel

31:15 - 7th Annual YMYW Podcast Survey Results

38:54 - Comment: Keith Doesn't Like Ed Slott or Roth Conversions

47:45 - Outro

48:58 - The Derails

What is an exchange fund and is it a good thing if you have a lot of capital gains like Bryan in New York? That's today on Your Money, Your Wealth® podcast 492 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, what should be the timing and ordering of Billy Joe and Bobby Sue’s Roth conversion strategy to help them achieve 33 years of retirement income? Is Boston overspending or underspending in retirement? Should Andy keep life insurance policies for her kids with ADHD? How does the 5-year rule for Roth withdrawals apply to inherited Roth IRAs for Karen? Visit the show notes for the YMYW Podcast Survey and secret password (only for the next three days!), plus access the free financial resources listed below, and the episode transcript: https://bit.ly/ymyw-492

SCHEDULE A FREE FINANCIAL ASSESSMENT

FREE DOWNLOAD: 10 Steps to Improve Investing Success

FREE DOWNLOAD: Social Security Handbook

WATCH YMYW TV: Social Security Basics You Need to Know: Common Social Security Questions Answered

REQUEST: Retirement Spitball Analysis

SUBSCRIBE: YMYW on YouTube

DOWNLOAD: more free guides

READ: financial blogs

WATCH: educational videos

SUBSCRIBE: YMYW Newsletter

YMYW Podcast Survey: Visit the show notes to access the survey and secret password

Timestamps:

00:00 - Intro

00:37 - Roth Conversion Timing, Order, and 33 Years of Income? (Billy Joe & Bobby Sue, Indiana)

12:32 - Watch Social Security Basics You Need to Know: Common Social Security Questions Answered on YMYW TV, Download the Social Security Handbook

13:17 - I Have $1.2M Capital Gains. Pros and Cons of an Exchange Fund? (Bryan, NY)

23:28 - Download 10 Steps to Improve Investing Success, last chance to complete the 7th Annual YMYW Podcast Survey for your chance at a $100 Amazon e-gift card! (type in ymyw)

24:15 - We’ll Have $7M. Are We Underspending or Overspending in Retirement? (Boston)

35:13 - Should We Keep Life Insurance Policies for Adult Kids with ADHD? (Andrea, Seattle)

41:50 - How Does the 5-Year Rule for Roth Withdrawals Apply to Inherited Roth IRAs? (Karen, TX)

45:15 - Outro

46:22 - The Derails

What do Joe Anderson, CFP® and Big Al Clopine, CPA think about alternative investments? Andrew in Ohio wants to know. Are real estate syndication deals for real, and a YMYW listener just chose poorly? And Stewart in Serra Mesa is curious whether Joe has changed his position on annuities lately, as rates have “normalized” in the past couple of years? That’s today on Your Money, Your Wealth® podcast number 491. Plus, when should Steve in Las Vegas’ friend quit her casino job and collect Social Security and child benefits? And how is D in the Midwest’s plan for creating income in retirement? Visit the show notes to access the YMYW Podcast Survey and secret password, free financial resources, and episode transcript: https://bit.ly/ymyw-491

SCHEDULE A FREE FINANCIAL ASSESSMENT

FREE DOWNLOAD: Investing Basics Guide

READ THE BLOG: Benefits of Systematic Rebalancing

REQUEST: Retirement Spitball Analysis

SUBSCRIBE: YMYW on YouTube

DOWNLOAD: more free guides

READ: financial blogs

WATCH: educational videos

SUBSCRIBE: YMYW Newsletter

YMYW Podcast Survey: Visit the show notes to access the survey and secret password

Timestamps:

00:00 - Intro

00:457 - Real Estate Syndication Deals: Did We Just Make Bad Decisions? (Anonymous)

07:57 - Thoughts on Alternative Investments? (Andrew, OH)

12:54 - Read The Benefits of Systematic Portfolio Rebalancing and Download the Investing Basics Guide

13:31 - Has Joe Modified His Position on Annuities Lately? (Stewart, Serra Mesa, CA)

24:42 - Principal Protected Investing Options for Structured Settlement for a Minor: Annuity? (Speedy Gonzalez, Western NY)

29:52 - 7th Annual YMYW Podcast Survey: your chance at a $100 Amazon e-gift card!

30:35 - When to Stop Work and Claim Social Security and Child Benefits? (Steve, Las Vegas - voice)

34:58 - How’s Our Plan for Retirement Income? (D, Midwest)

44:40 - Outro

45:53 - The Derails