Q&A: Tackling Listener Questions | Bill & Jackie | 155
Catching Up to FI
Navigating Retirement Account Choices and Building Savings Habits
This chapter explores the nuances of selecting between Roth and traditional retirement accounts based on varying income levels and life stages. It offers strategies for low-income individuals to start saving while encouraging the establishment of healthy saving habits.
You asked and we answered! In this episode we tackle listener questions with more than just a one-sentence response… we go deeper and give you answers with our thoughtful insights, ideas and considerations important to late starters. These are the questions we cover on today’s show:
✅ Bill’s costly mistake with whole-life insurance; what should you do instead?
✅ How does the $19,000 annual gift tax exclusion work?
✅ Do I have too much in cash as I’m approaching retirement?
✅ I’m new to investing and pay someone to manage my 401(k). I also want to start a Roth IRA, is now a good time?
✅ What if you're low income and can barely save, how do you move the needle?
✅ What is the middle class trap?
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📕F.I.R.E. For Dummies by Jackie Cummings Koski
📗The Wealth Ladder by Nick Maggiulli
Podcast episode with Nick Maggiulli coming July 27th, 2025
⏰ ‘Catching Up to FI’ Episodes referenced
A Boat Named YOLO | Bill Yount | 001
From Poverty to Wealth and Early Retirement | Jackie Cummings Koski | 007
SpongeBob and Drawdown Strategies | Frank Vasquez | 044
Life & Taxes | Sean Mullaney | 013
72(t) Expert Tells All: No More Secrets About Early Withdrawals (Part 1) | Bill Stecker | 131
Cashing in on 72(t): The Goldmine of Early Retirement Rules (Part2) | Bill Stecker | 133
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⚠️Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.
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