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ChooseFI

Mailbag | Backdoor Roth IRA, 4% Rule & 401k Strategies for Retirement Planning | With Rachael Camp | 521

Nov 18, 2024
Rachael Camp, a Certified Financial Planner, joins to unpack essential retirement strategies. They dive into the backdoor Roth IRA, a clever option for high earners to bypass contribution limits. The conversation highlights the critical role of company matches in retirement accounts and offers alternatives for those without a 401(k), like HSAs and traditional IRAs. They also tackle asset allocation complexities and the importance of cash reserves to mitigate sequence of returns risk, along with key insights into real estate investing.
01:07:26

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Understanding the backdoor Roth IRA is essential for high earners to bypass income limits on contributions.
  • Investors without a 401(k) can explore alternatives like traditional IRAs and HSAs to manage their retirement savings.

Deep dives

Year-End Wins and Community Engagement

The podcast opens with announcements regarding an annual year-end episode celebrating the community's successes, encouraging listeners to submit their 2024 wins via a feedback page. The speaker emphasizes the importance of voicemails to capture genuine participant experiences, as these contributions will be featured in the upcoming episode and newsletters. Furthermore, there is an announcement about the introduction of official merchandise, including ChooseFI t-shirts and hooded sweatshirts, created in collaboration with a trusted vendor chosen for quality. The motivation behind making merchandise available again is to foster community pride while keeping costs reasonable.

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