Wealthion - Be Financially Resilient
Avoid Financial Failure: The Ultimate Retirement Strategies
Jul 16, 2024
Brandy Maben from WindRock Wealth shares ultimate retirement strategies, including managing student debt, Roth IRA vs. 401(k), setting up LLCs, legacy planning, and backdoor Roth IRAs. Topics cover compound interest, early financial planning, disability insurance, and major life events. Get expert advice on building and protecting wealth for retirement.
37:51
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Quick takeaways
- Starting a Roth IRA early allows for early access to funds, aiding in emergencies or major purchases.
- Effective management of student debt requires strategic planning, refinancing options, and seeking professional advice.
Deep dives
Benefits of Starting a Roth IRA Early
Starting a Roth IRA early allows a five-year clock to begin, permitting the withdrawal of funds' principle after five years of contributions. This can aid in handling emergencies, student loans, or even a first-time home purchase. Early planning can benefit high-income earners like doctors and lawyers, ensuring financial stability.
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