Should Jackson and Elsa from Wyoming fire their financial advisors and shop for lower fees, or switch to do-it-yourself financial planning? Can 34-year-old Bob in Texas retire early at 50, and what’s the best way for him to put an extra $30K to work? How much should 35-year-old Matthew in the middle of nowhere Wisconsin be saving for retirement in pre-tax accounts vs. post-tax accounts? And finally, should Michelle in Minnesota leave excess education savings in a 529 plan or move it to a Roth IRA?
Timestamps:
- 00:58 - Should We Fire Our Advisors and Go DIY or Shop for Lower Fees? (Jackson & Elsa, WY)
- 11:51 - Can We Retire at Age 50? Best Way to Put Extra $30K to Work? (Bob, TX)
- 19:51 - How Much Should We Save for Retirement Pre-Tax vs. Post-Tax? (Matthew, Middle of Nowhere, WI)
- 28:27 - Excess 529 Plan College Savings: Leave it or Move it to Roth? (Michelle, MN)
- 35:34 - The Derails
Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-446
- DIY Retirement Guide - limited time offer, download by Friday 9/15/23!
- EASIRetirement.com - free retirement calculator
- Episode Transcript
- Ask Joe & Big Al On Air for your Retirement Spitball Analysis
