174 - Is Roth or Traditional Better for FIRE?
An episode of the Real Personal Finance podcast, hosted by Scott Frank and James Conole, titled "174 - Is Roth or Traditional Better for FIRE?" was published on October 19, 2022 and runs 26 minutes.
October 19, 2022 ·26m · Real Personal Finance
Summary
Scott and James discuss if Roth or Traditional is better for FIRE (Financial Independence, Retire Early). NEW: We're on YouTube here! Listener Question: I’m wondering if I should change my 401k strategy from traditional to roth? I’m a 35 year old high earner making around $175k a year plus bonus. I’m currently maxing my traditional 401k plus a 5% match from my employer. I need to work another 7 year to hit my FI number ($2.5M) and I have $160k in my traditional 401...
Episode Description
Scott and James discuss if Roth or Traditional is better for FIRE (Financial Independence, Retire Early).
Listener Question:
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
2:30 - We're on YouTube HERE!
4:35 - Listener Question Summary
8:37 - Tax Basics
13:47 - 401(k) Maximum
18:20 - Optimize Income & Savings
21:57 - Savings Rates
24:22 - Personal Capital
26:00 - Aligning Your Financial Goals
LET'S CONNECT!
James
Scott
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