Your Money, Your Wealth

Today on Your Money, Your Wealth® podcast number 580, Joe Anderson, CFP®, and Big Al Clopine, CPA, are spitballing for some folks who've done the work, hit the numbers, but aren’t sure if they can really walk away yet. Martha in DC is 44 and says her soul is being sucked out of her body by her employer. When can she stop working full-time and foster puppies instead? “Bandit” is bullish on his company stock in archeology instruments, but not so much on his work itself. “Kevin” is staring down a wall of deferred comp and needs a spitball on how aggressive his and “Winnie’s” Roth conversion strategy should be before RMDs hit. Can both “Bandit and Chilli” and “Kevin and Winnie” call it quits this year?
Free Financial Resources in This Episode:
https://bit.ly/ymyw-580 (full show notes & episode transcript)
Tax-Free Retirement Guide - free download:
https://purefinancial.com/white-papers/tax-free-retirement-guide/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-tax-free-retirement-guide&utm_content=ymyw-pod-ep580-description-whitepaper
Retirement Readiness Guide - free download:
https://purefinancial.com/white-papers/retirement-readiness-guide/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-retirement-readiness-guide&utm_content=ymyw-pod-ep580-description-whitepaper
401(k) After Retirement? Here Are Your 4 Options (And The Costly Mistakes) - YMYW TV:
https://purefinancial.com/ymyw/episodes/what-happens-to-your-401k-ira-at-retirement/?utm_source=libsyn&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep580-description-tv-s10e06
Financial Blueprint (self-guided):
https://bit.ly/PureFinancialBlueprint
Financial Assessment (Meet with an experienced professional):
https://bit.ly/PureFreeAssessment
REQUEST your Retirement Spitball Analysis:
https://bit.ly/AskJoeAndAl
DOWNLOAD more free guides:
https://bit.ly/PureGuides
READ financial blogs:
https://bit.ly/PureFinBlog
WATCH educational videos:
https://bit.ly/PureEdVideos
SUBSCRIBE to the YMYW Newsletter:
https://bit.ly/YMYWNewsletter

Connect With Us:
Subscribe on YouTube and join the conversation in the comments:
https://bit.ly/YMYW-YT
Subscribe or follow YMYW in your favorite podcast app:
https://lnk.to/ymyw
Leave your honest reviews and ratings in Apple Podcasts:
https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254

Chapters:
00:00 - Intro: This Week on the YMYW Podcast
00:56 - Can We Exit the Rat Race in Our 40s With $6.5M? (Martha & George, DC)
16:07 - Can I Retire at 51 Without Using Rule of 55? (Bandit & Chilli, CA)
36:29 - Can I Retire Before My $3M Deferred Comp Pays Out? (Kevin & Winnie, Chicago)
44:28 - Outro: Next Week on the YMYW Podcast

Saving into Roth instead of traditional accounts to bring down required minimum distributions in retirement, and whether retiring early is in the cards: that's today on Your Money, Your Wealth® podcast 579 with Joe Anderson, CFP®, and Big Al Clopine, CPA. Brian in New York and "Todd and Margo" in Utah each have over $3 million in their pre-tax accounts. What should their Roth conversion strategies look like, and can Todd retire this year? But first up, should "Captain Morgan" go Roth to avoid RMDs and can he retire in a couple of years? Should "Klo Jopine" contribute to Roth instead of traditional if his income will always remain the same? Finally, Kyle and Katie have high incomes and need a spitball on how they can avoid future RMDs. Ya think Roth conversions might be in their future? We'll find out.
Free Financial Resources in This Episode:
https://bit.ly/ymyw-579 (full show notes & episode transcript)
LIMITED TIME SPECIAL OFFER: THE DIY RETIREMENT GUIDE - download before the Special Offer changes on Friday, May 1, 2026!
https://purefinancial.com/ymyw/?utm_source=libsyn&utm_medium=podcast&utm_campaign=whitepaper-diy-retirement-guide&utm_content=ymyw-pod-ep579-description-whitepaper#specialoffer
Financial Advisors Expose Internet's Worst Retirement Strategies! - YMYW TV:
https://purefinancial.com/ymyw/episodes/financial-advisors-expose-internets-worst-retirement-strategies/?utm_source=libsyn&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep579-description-tv-s11e11
Financial Blueprint (self-guided):
https://bit.ly/PureFinancialBlueprint
Financial Assessment (Meet with an experienced professional):
https://bit.ly/PureFreeAssessment
REQUEST your Retirement Spitball Analysis:
https://bit.ly/AskJoeAndAl
DOWNLOAD more free guides:
https://bit.ly/PureGuides
READ financial blogs:
https://bit.ly/PureFinBlog
WATCH educational videos:
https://bit.ly/PureEdVideos
SUBSCRIBE to the YMYW Newsletter:
https://bit.ly/YMYWNewsletter

Connect With Us:
Subscribe on YouTube and join the conversation in the comments:
https://bit.ly/YMYW-YT
Subscribe or follow YMYW in your favorite podcast app:
https://lnk.to/ymyw
Leave your honest reviews and ratings in Apple Podcasts:
https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254
Chapters:
00:00 - Intro: This Week on the YMYW Podcast 00:58 - Should I Go Roth to Avoid RMDs and Retire at 51? (Captain Morgan, CA) 11:33 - Roth vs Traditional for Flat Income Earners? (Klo Jopine, TN) 22:53 - Big Roth Conversions to Tame a $3.5M 403(b)? (Brian, NY) 27:36 - Can I Retire in 2026 and Spend $200K/yr? (Todd 54 & Margo, UT) 34:53 - How High Income Earners Can Reduce Future RMDs (Kyle & Katie, Midwest) 44:37 - Outro: Next Week on the YMYW Podcast

"Chase and Ryder" are 56 and 55 with $5 million saved and huge pensions the day they retire. So why are they so nervous about pulling the trigger? That's today on Your Money, Your Wealth® podcast number 578 with Joe Anderson, CFP® and Big Al Clopine, CPA. "Andy and April" are 46 with $2.4 million saved and 10 years until they want to retire. Can they get there, and do they need a trust? "Burt and Sally" are in their late forties with solid pensions and a retirement dream, but is the math close enough to make it work? Finally, does "Dolly" have any options for squeezing more out of Social Security when she and her spouse have identical benefits? She's inheriting a brokerage account too, and wonders about the asset mix.
Free Financial Resources in This Episode:
https://bit.ly/ymyw-578 (full show notes & episode transcript)
Withdrawal Strategy Guide - free download:
https://purefinancial.com/white-papers/withdrawal-strategy-guide/?utm_source=libsyn&utm_medium=podcast&utm_campaign=whitepaper-withdrawal-strategy-guide&utm_content=ymyw-pod-ep578-description-whitepaper
Retirement Spending: How Much is Too Much? - YMYW TV:
https://purefinancial.com/ymyw/episodes/retirement-spending-how-much-is-too-much/?utm_source=libsyn&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep578-description-tv-s12e02
Financial Blueprint (self-guided):
https://bit.ly/PureFinancialBlueprint
Financial Assessment (Meet with an experienced professional):
https://bit.ly/PureFreeAssessment
REQUEST your Retirement Spitball Analysis:
https://bit.ly/AskJoeAndAl
DOWNLOAD more free guides:
https://bit.ly/PureGuides
READ financial blogs:
https://bit.ly/PureFinBlog
WATCH educational videos:
https://bit.ly/PureEdVideos
SUBSCRIBE to the YMYW Newsletter:
https://bit.ly/YMYWNewsletter
Connect With Us:
Subscribe on YouTube and join the conversation in the comments:
https://bit.ly/YMYW-YT
Subscribe or follow YMYW in your favorite podcast app:
https://lnk.to/ymyw
Leave your honest reviews and ratings in Apple Podcasts:
https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254

Chapters:
00:00 - Intro: This Week on the YMYW Podcast
00:58 - $5.5M, Big Pensions: Safe to Retire at 57? (Chase & Ryder, San Diego)
10:39 - We're 46. Can We Retire in 10 Years? Do We Need a Trust? (Andy & April, CA)
21:28 - Can We Retire in 2027 With a Pension + $655K? (Burt & Sally, Nonesuch, KY)
34:19 - How to Max Social Security with No Spousal Benefit? (Dolly, TN)
41:41 - Outro: Next Week on the YMYW Podcast

Joe Anderson, CFP® and Big Al Clopine, CPA spitball on whether a popular early retirement strategy could actually blow up your financial plan, today on Your Money, Your Wealth® podcast number 577. Red and Kitty from Wisconsin are burned out at 40 and wonder if retiring at 45 using the 72(t) tax election to take substantially equal periodic payments, or SEPP, is a smart bridge strategy. Jiminy Billy Bob in North Carolina is also considering a 72(t). How should he structure his withdrawal order, and does he need to shift into bonds before downshifting his career? Plus, Steve and Sharon in Minnesota have 8 million bucks. Steve is getting laid off at age 56. What should they do with their 401(k), stock options, incentives, and benefits before and after the layoff?
Free Financial Resources in This Episode:
https://bit.ly/ymyw-577 (full show notes & episode transcript)
Recession Protection Guide - free download
Retirement Readiness Guide - free download
6 Ways Americans Accidentally Sabotage Their Retirement - YMYW TV
Financial Blueprint (self-guided):
https://bit.ly/PureFinancialBlueprint
Financial Assessment (Meet with an experienced professional):
https://bit.ly/PureFreeAssessment
REQUEST your Retirement Spitball Analysis:
https://bit.ly/AskJoeAndAl
DOWNLOAD more free guides:
https://bit.ly/PureGuides
READ financial blogs:
https://bit.ly/PureFinBlog
WATCH educational videos:
https://bit.ly/PureEdVideos
SUBSCRIBE to the YMYW Newsletter:
https://bit.ly/YMYWNewsletter
Connect With Us:
Subscribe on YouTube and join the conversation in the comments:
https://bit.ly/YMYW-YT
Subscribe or follow YMYW in your favorite podcast app:
https://lnk.to/ymyw
Leave your honest reviews and ratings in Apple Podcasts:
https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254

Chapters:
00:00 - Intro: This week on the YMYW Podcast
01:06 - Why Retiring at 45 Using 72(t) SEPP Withdrawals is Risky (Red & Kitty, WI)
13:28 - Early Retirement Strategy: Withdrawal Order, Bonds, and 72(t) (Jiminy Billy Bob, NC)
22:49 - Laid Off at 56 With $7.9M: How to Handle Your Exit Strategy (Steve & Sharon, St. Paul, MN)
43:51 - Outro: Next Week on the YMYW Podcast

Are Roth conversions worth it? We'll find out, today on Your Money, Your Wealth® podcast number 576. TJ in PA is gonna have huge capital gains. Joe and Big Al spitball on whether it's worth it for him to convert. Rebels Without a Gauze in New England are over 70. Is it too late for them to convert? How much should Biking Barnsey convert from his tax-deferred accounts to Roth each year, and are there any single ladies in the YMYW audience that would like to help him spend his retirement money? Finally, the fellas spitball on whether Zisi and his wife are being too aggressive with their conversion strategy.
Free Financial Resources in This Episode:
https://bit.ly/ymyw-576 (full show notes & episode transcript)
Complete Roth Papers Package - free download:
https://purefinancial.com/white-papers/the-complete-roth-papers-package/?utm_source=libsyn&utm_medium=podcast&utm_campaign=whitepaper-the-complete-roth-papers-package&utm_content=ymyw-pod-ep576-description-whitepaper
Financial Assessment (Meet with an experienced professional):
https://bit.ly/PureFreeAssessment
Financial Blueprint (self-guided):
https://bit.ly/PureFinancialBlueprint
REQUEST your Retirement Spitball Analysis:
https://bit.ly/AskJoeAndAl
DOWNLOAD more free guides:
https://bit.ly/PureGuides
READ financial blogs:
https://bit.ly/PureFinBlog
WATCH educational videos:
https://bit.ly/PureEdVideos
SUBSCRIBE to the YMYW Newsletter:
https://bit.ly/YMYWNewsletter

Connect With Us:
Subscribe on YouTube and join the conversation in the comments:
https://bit.ly/YMYW-YT
Subscribe or follow YMYW in your favorite podcast app:
https://lnk.to/ymyw
Leave your honest reviews and ratings in Apple Podcasts:
https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254


Chapters:
00:00 - Intro: This Week on the YMYW Podcast 00:55 - We Have Over $7M. Capital Gains are Huge. Are Roth Conversions Worth It? (TJ in PA) 12:37 - Too Late for Roth Conversions at Age 70+? (Rebels Without a Gauze, CT) 23:19 - Am I Spending Too Much or Not Enough in Retirement? How Much Should I Convert? (Biking Barnsey, Arkansas) 33:37 - We have $18M. Are We Doing Too Many Roth Conversions Before Age 75? (Zisi) 41:14 - Outro: Next Week on the YMYW Podcast 42:16 - The Derails: Big Al's New Jacket