Roth conversion starting at the age of 62? I like it. Whenever he can do it, i think he's got enough money in other spots that he can continue to take money from the other places and not have to touch that roth conversion money right away. If he were to lower his monthly spending by a thousand dollars a month, then he might be able to delay taking that social security payment until he's 63, 64 65. For every year that he delays, he gets a boost in what he can collect from social security.
#376: Meghan’s mom is 64 years old and suffering under a toxic boss. It’s tough to switch jobs at her age. How should she think through the next steps?
Ellen has a 20-year-old son with physical and developmental disabilities. Her other child, age 21, will need to look after him for the rest of their lives. How should she handle their inheritance?
Joe wants to start working part-time in four years, and fully retire four years after that. He worries he’s investing too aggressively for his retirement date.
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough situations.
Enjoy!
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it at https://affordanything.com/voicemail and we’ll answer them in a future episode.
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For more information, visit the show notes at https://affordanything.com/episode376
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