Episode 381: Retirement Account Basics, Some Cool New Podcasts, And Portfolio Reviews As Of November 22, 2024

Nov 24, 2024

Unpack the essentials of retirement accounts with humorous insights into 401ks and Roth options. Discover effective strategies for maximizing withdrawals while advocating for a diversified portfolio. Tune in to hear recommendations for podcasts featuring investment experts like Bill Bengen and Cliff Asness. Explore the nuances of early investments and how Health Savings Accounts can be powerful tools. Finally, dive into the recent market performance and various portfolio strategies to help you navigate your financial future.

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INSIGHT

Higher Safe Withdrawal Rate

Bill Bengen suggests a 5% withdrawal rate is safe with diversified portfolios.
Diversification can include small-cap value stocks, bonds, and alternative assets like gold.

INSIGHT

Portfolio Longevity

Bengen's research suggests portfolios don't become invalid after 30 years.
Safe withdrawal rates approach 4.2% when extended to perpetuity.

ADVICE

Personalized Inflation

Adjust your inflation rate to your personal situation.
Retirees with paid-off houses often have lower inflation rates.

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In this episode we answer an email from Tom, Tom the Podcaster's Son (a/k/a "Patrick Star"). We discuss the basics of retirement accounts in honor of the annual benefits enrollment period and some rules of thumb for contributing to them, with a little commentary on HSAs. We also discuss interesting recent podcasts featuring Bill Bengen, Corey Hoffstein and Cliff Asness. And our friend Jackie Cummings Koski.

And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.

Additional links:

Bill Bengen podcast: The Father of the 4% Rule Fina - Afford Anything - Apple Podcasts

Corey Hoffstein podcast: Masters in Business: Corey Hoffstein - Bloomberg

Cliff Asness podcast: Old Man Yells at the Cloud | TCAF 167

Tax Tables: 2024-2025 Tax Brackets and Federal Income Tax Rates | Bankrate

Jackie podcast #1: Jackie Cummings Koski: Late St - The Long View - Apple Podcasts

Jackie podcast #2: From Poverty to Wealth and Ear - Catching Up to FI - Apple Podcasts

Jackie podcast #3 (HSA focused): All About The Health Savings A - Journey To Launch - Apple Podcasts

Sample Investopedia Article: 401(k) vs. IRA: What’s the Difference?

Amusing Unedited AI-Bot Summary:

Unearth the secrets to a financially independent future as we explore groundbreaking strategies and expert insights in this episode. Learn why Bill Bengen's latest research challenges conventional wisdom on withdrawal rates and how a diversified portfolio, including alternative assets like gold, can empower your financial journey. With engaging discussions from finance heavyweights like Corey Hofstein, we promise you a treasure trove of actionable advice to enhance your portfolio management and tax strategies.

This episode is a masterclass for the do-it-yourself investor, guiding you through the maze of retirement account options and tax implications for every stage of life. For young professionals, discover how to maximize your 401k and Roth contributions, while mid-career individuals will learn to optimize savings amidst family and mortgage commitments. If you're nearing retirement and feeling off-track, we offer insights to realign your financial plans and keep your retirement goals within reach.

Join us as we tackle the complexities of retirement account withdrawals and the strategic use of Health Savings Accounts as investment vehicles. With practical advice and a touch of humor, we'll navigate the week's market performances and celebrate the gains in sectors like the S&P 500, NASDAQ, and gold. From the power of compounding to the significance of early financial planning, this episode is your guide to mastering the art of financial independence.

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