Roth IRA – Relax, It's Retirement Podcast

The Best Moments: Top Retirement Insights from The Relax, It’s Retirement Podcast! (Ep. 79)

By Relax, It's Retirement | December 3, 2024

Retirement planning can feel overwhelming, but the right strategies can make it smooth and intentional.

How do you structure finances to ensure your money lasts while enjoying the lifestyle you want?

This episode compiles the best retirement advice moments from Josh Leonard and his team, covering vital tips to plan your golden years with confidence.

From managing taxes to healthcare planning, they explore practical solutions for long-term stability.

Key Highlights:

How to prepare for longer retirements by factoring in family history and careful planning
The “three-bucket system” for managing cash, steady income, and long-term growth
Proactive ways to minimize healthcare expenses through HSAs and yearly drug plan reviews
Tax-saving approaches, such as Roth IRA conversions and efficient withdrawal strategies
Creative retirement paths, including passion projects, part-time work, and minimalist lifestyles
And more!

Resources:

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Navigating Post-Employment 401(k) Options (Ep. 38)

By Relax It's Retirement-Podcast | February 20, 2024

What are the long-term impacts of keeping your 401(k) with a former employer versus rolling it over to an IRA or a new employer’s plan? How can the benefits of IRA rollovers and Roth conversions influence your decision for penalty-free withdrawals?

Josh Leonard explores the advantages and disadvantages of maintaining the 401(k) with a past employer, transitioning it into an IRA, or moving it to the retirement plan of a new employer. He highlights the importance of comprehending the regulations, costs, and tax consequences associated with each plan.

Josh discusses:

What are the options for handling a 401(k) with a previous employer
When is it appropriate to roll over a 401(k) to an IRA
How do automatic savings and employer matching contributions benefit 401(k) participants
What are the potential tax implications and benefits of converting a traditional 401(k) or IRA to a Roth IRA
And more