<description>&lt;p class="p1"&gt;"Mr and Mrs Smith" have nearly $850,000 saved at age 43, but they're very concerned about retirement. "Lucy and Desi" are 58 and 64 with nearly $7 million saved, but they still lie awake wondering if it's enough for their high-expense life. "Tony and Carmela" are in a similar boat with millions saved at 61 and 59, but they're worried their asset allocation won't get them through their retirement. No matter the numbers, the fears sound exactly the same: will you run out of money in retirement? Turns out overcoming that fear is not about hitting a magic number. We'll find out what it's all about today on Your Money, Your Wealth podcast number 566 with Joe Anderson, CFP®, and Big Al Clopine, CPA. The fellas also spitball Roth conversions, long/short direct indexing capital gains tax strategies for "Juicy Squeeze", working after retirement for Wendi, and how one confusing word can completely change a retirement timing decision for "Jacques and Johana."&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;Free Financial Resources in This Episode:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p2"&gt;&lt;strong&gt;&lt;a href= "https://bit.ly/ymyw-566"&gt;https://bit.ly/ymyw-566&lt;/a&gt;&lt;/strong&gt; &lt;em&gt;(full show notes &amp; episode transcript)&lt;/em&gt;&lt;/p&gt; &lt;p class="p2"&gt;&lt;a href= "https://purefinancial.com/white-papers/withdrawal-strategy-guide/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;strong&gt;Withdrawal Strategy Guide&lt;/strong&gt;&lt;/a&gt; &lt;em&gt;- free download&lt;/em&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;a href= "https://purefinancial.com/financialblueprint/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;strong&gt;Financial Blueprint&lt;/strong&gt;&lt;/a&gt; &lt;em&gt;(self-guided)&lt;/em&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://purefinancial.com/lp/free-assessment/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;strong&gt;Financial Assessment&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt; &lt;span class= "s1"&gt;&lt;em&gt;(Meet with an experienced professional)&lt;/em&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;WATCH&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ymyw/episodes/6-signs-you-truly-have-enough-for-retirement/?utm_source=purefinancial.com&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;strong&gt;6 Signs You Truly Have "Enough" For Retirement&lt;/strong&gt;&lt;/a&gt; &lt;strong&gt;on YMYW TV&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;REQUEST your&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ymyw/ask-joe-and-al/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;span class="s4"&gt;&lt;strong&gt;Retirement Spitball Analysis&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;DOWNLOAD&lt;/strong&gt; &lt;a href= "https://purefinancial.com/white-papers/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;span class="s4"&gt;&lt;strong&gt;more free guides&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;READ&lt;/strong&gt; &lt;a href= "https://purefinancial.com/learning-center/blog/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;span class="s4"&gt;&lt;strong&gt;financial blogs&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;WATCH&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ask-pure/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;span class="s4"&gt;&lt;strong&gt;educational videos&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;SUBSCRIBE to the&lt;/strong&gt; &lt;a href= "https://purefinancial.com/lp/newsletter-sign-up/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-566"&gt; &lt;span class="s2"&gt;&lt;strong&gt;YMYW Newsletter&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt; &lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;Connect With Us:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://bit.ly/YMYW-YT"&gt;&lt;strong&gt;YouTube&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;span class="s1"&gt;: Subscribe and join the conversation in the comments&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://lnk.to/ymyw"&gt;&lt;strong&gt;Podcast apps&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;span class="s1"&gt;: subscribe or follow YMYW in your favorite&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://bit.ly/YMYWpodcast"&gt;&lt;strong&gt;Apple Podcasts&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;span class="s1"&gt;: leave your honest reviews and ratings&lt;/span&gt;&lt;/p&gt; &lt;p class="p5"&gt; &lt;/p&gt; &lt;p class="p6"&gt;&lt;strong&gt;Chapters:&lt;/strong&gt;&lt;/p&gt; &lt;p class="p6"&gt;00:00 - Intro: This Week on the YMYW Podcast&lt;/p&gt; &lt;p class="p6"&gt;01:01 - 43 With $850K. Am I Too Late to Build Enough Roth Money? (Mr &amp; Mrs Smith, Dallas, TX)&lt;/p&gt; &lt;p class="p6"&gt;11:29 - Nearly $7M Saved at 58 and 64. Do We Have Enough for a High-Spend Retirement? (Lucy &amp; Desi, Jersey Shore, NJ)&lt;/p&gt; &lt;p class="p6"&gt;23:38 - 61 and 59 With $4.5M Saved. Can I Retire Now With a 50/50 Portfolio? (Tony &amp; Carmela, San Ramon, CA)&lt;/p&gt; &lt;p class="p6"&gt;32:09 - Mid-50s with $685K Saved. Can One Spouse Retire While the Other Works? (Jacques &amp; Johana, Florida)&lt;/p&gt; &lt;p class="p6"&gt;38:53 - Are Long-Short Direct Indexing Tax Strategies Worth the Fees? (Juicy Squeeze)&lt;/p&gt; &lt;p class="p6"&gt;47:04 - Should I Work as an Employee or Contractor After 70 on Social Security? (Wendi)&lt;/p&gt; &lt;p class="p6"&gt;52:04 - Outro: Next Week on the YMYW Podcast&lt;/p&gt;</description>

Your Money, Your Wealth

Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

High Net Worth Pre-Retirees Share Their Biggest Fear (Here's How to Calm It) - 566

JAN 27, 202653 MIN
Your Money, Your Wealth

High Net Worth Pre-Retirees Share Their Biggest Fear (Here's How to Calm It) - 566

JAN 27, 202653 MIN

Description

"Mr and Mrs Smith" have nearly $850,000 saved at age 43, but they're very concerned about retirement. "Lucy and Desi" are 58 and 64 with nearly $7 million saved, but they still lie awake wondering if it's enough for their high-expense life. "Tony and Carmela" are in a similar boat with millions saved at 61 and 59, but they're worried their asset allocation won't get them through their retirement. No matter the numbers, the fears sound exactly the same: will you run out of money in retirement? Turns out overcoming that fear is not about hitting a magic number. We'll find out what it's all about today on Your Money, Your Wealth podcast number 566 with Joe Anderson, CFP®, and Big Al Clopine, CPA. The fellas also spitball Roth conversions, long/short direct indexing capital gains tax strategies for "Juicy Squeeze", working after retirement for Wendi, and how one confusing word can completely change a retirement timing decision for "Jacques and Johana." Free Financial Resources in This Episode: https://bit.ly/ymyw-566 (full show notes & episode transcript) Withdrawal Strategy Guide - free download Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) WATCH 6 Signs You Truly Have "Enough" For Retirement on YMYW TV REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings Chapters: 00:00 - Intro: This Week on the YMYW Podcast 01:01 - 43 With $850K. Am I Too Late to Build Enough Roth Money? (Mr & Mrs Smith, Dallas, TX) 11:29 - Nearly $7M Saved at 58 and 64. Do We Have Enough for a High-Spend Retirement? (Lucy & Desi, Jersey Shore, NJ) 23:38 - 61 and 59 With $4.5M Saved. Can I Retire Now With a 50/50 Portfolio? (Tony & Carmela, San Ramon, CA) 32:09 - Mid-50s with $685K Saved. Can One Spouse Retire While the Other Works? (Jacques & Johana, Florida) 38:53 - Are Long-Short Direct Indexing Tax Strategies Worth the Fees? (Juicy Squeeze) 47:04 - Should I Work as an Employee or Contractor After 70 on Social Security? (Wendi) 52:04 - Outro: Next Week on the YMYW Podcast