Rich Habits Podcast

Q&A: Retiring at 54, Becoming an Overseas Land Lord & Trading Oil Futures

21 snips
Jan 1, 2026
Curious about financial strategies? The hosts tackle the nuances of rolling a 401(k) into an IRA and the importance of Roth contributions. They also discuss the risks of long-distance rentals and advise on using local management. Want to retire early? Selling a rental to support retirement at 54 is on the table! Plus, an insightful look into oil trading and alternatives, including equities, wraps up a wealth of advice on navigating finance with confidence.
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ADVICE

Rollover Then Prioritize Roth Contributions

  • Roll your old 401(k) into a traditional IRA to avoid immediate taxes and gain full control over investments.
  • Then max out Roth IRA contributions going forward to capture tax-free growth while keeping flexibility.
ADVICE

Create Taxable Income To Open A Roth

  • Report self-employment income to create taxable W-2/1099 income so you can fund a Roth IRA this year.
  • Use a single-member LLC and claim realistic business expenses but ensure taxable income remains enough for the Roth contribution.
INSIGHT

Commodities Are Trades, Not Investments

  • Commodities like crude oil are traded, not invested, because they pay no dividends or earnings.
  • If you lack domain expertise, prefer equities or ETFs in secular growth sectors over betting on oil price moves.
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