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Ask The Compound

How to Retire at Age 36

Oct 30, 2024
Join financial planner Jill Schlesinger, known for her expertise on financial strategies, as she chats about retiring by 36. Explore the pros and cons of traditional vs. Roth IRA contributions and the unique role of gold as an investment. Discover essential tips for planning a fulfilling post-retirement life and the importance of engagement in passion projects. Jill also shares insights on navigating market volatility and achieving financial independence at a young age, making this an enlightening discussion for aspiring early retirees.
33:17

Episode guests

Jill Schlesinger

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast emphasizes the benefits of diversifying between Roth and traditional IRAs to address future tax implications and personal circumstances.
  • Gold's unpredictable nature as an investment is highlighted, cautioning against its traditional role as a reliable safe haven during market volatility.

Deep dives

Roth vs. Traditional IRAs

The discussion centers on the merits of both Roth and traditional IRAs when it comes to retirement savings. The certainty of tax liability with Roth accounts is emphasized, particularly in the context of potentially rising tax rates in the future. Both speakers argue that, for younger savers, diversifying between both types can be beneficial, especially as required minimum distributions can complicate tax planning later in life. The notion is presented that the choice between Roth and traditional accounts may hinge on personal circumstances and future expectations.

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