Today we are discussing the grand finale of your Financial Freedom Journey, retirement. Between what type of retirement plan to go with to how much to save for retirement, it can seem like a foreign language. But DJ walks you through setting yourself up for a successful retirement.
Timeline:
- 00:23 – DJ Whiteside’s Bio
- 00:42 – DJ’s Journey
- 05:33 – What is the first step to take to prepare for retirement?
- 11:18 – Roth IRA vs. Traditional IRA
- 15:15 – How does someone determine how much they need for retirement?
- 20:12 – What is the 4% rule and how does it work?
- 29:17 – What are the alternatives to the 4% rule?
- 31:03 – What advice do you have to set up early retirement success?
- 35:31 – SEP IRA
- 38:18 – Should I prioritize planning for retirement or paying off debt?
- 42:21 – Should I prioritize my emergency fund or retirement planning?
- 44:15 – Where can we find you online?
- 10:14 – Win a $50 Visa Gift Card
Resources & Links:
- Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
- IRA Rules – IRS
- Why You Need to Get Your Full 401k Matching as Early as Possible – MyMoneyDesign.com
- Maxing Out Your 401k Matching – Don’t You Dare Leave Money on the Table! – MyMoneyDesign.com
- Early Retirement Solutions: How Much Money Do I Really Need to Retire & Achieve Financial Independence?
- How Much Do I Need to Save for Retirement? The Incredibly Simple Answer – MyMoneyDesign.com
- Early Retirement Extreme Blog
- Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence
- Mr. Money Mustache
- The 4 Percent Rule – Everything You’ve Ever Wanted to Know – MyMoneyDesign.com
- Bill Bengan
- Trinity Study
- How Has The 4% Rule Held Up Since The Tech Bubble And The 2008 Financial Crisis? – Michael Kitces
- SEP Plan – IRS
- How We Saved Over $800 in Taxes This Year By Contributing to Our SEP IRA – MyMoneyDesign.com
- MyMoneyDesign.com
- Twitter: @MyMoneyDesign
- Facebook: MyMoneyDesign
- 1000WaysToSave.com
