The Money with Katie Show A CFP Poked Holes in My Traditional vs. Roth Strategy—Does It Still Hold Up?
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Nov 8, 2023 CFP, Eric Jones, debunks the traditional vs. Roth strategy with Katie, discussing factors like social security benefits, tax implications for business owners, tax optimization strategies for retirement, and reasons for working past retirement age.
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2007 Retirement Calamity
- Those retiring in 2007 faced financial calamity due to the market crash.
- This highlights the sequence of returns risk in retirement planning.
CFP Email
- Eric Jones, a CFP, emailed Katie after her initial Roth vs. Traditional episode.
- He pointed out finer details that made the comparison more interesting.
Retirement Spending Assumption
- Eric Jones, CFP, points out that Katie's 4% rule analysis assumes unrealistic retirement spending.
- It assumes high earners living on $250,000+ would retire on $48,000.