2FD 007: Take Advantage of Your Retirement Accounts

Retirement Accounts can be confusing!

It’s easy to lose track of your savings when you just dump it into your retirement accounts until 60. Listen in to see why it’s important to understand them and how it could even lead to Early Retirement!

Tax advantages can amplify your returns and you don’t want to miss out. CHA-CHING!

Tune In Now!

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Discussion Points

  • Why it’s important to plan for retirement.
  • The different types of retirement accounts.
  • What happened to pensions?
  • How 401Ks work.
  • How much to put into your retirement accounts.
  • Traditional vs. Roth IRAs.
  • Knowing what types of investments to use in which accounts.
  • Rolling over 401Ks to an IRA.
  • How to access your long-term retirement accounts in early retirement.
  • The tax advantages of retirement accounts are extremely important to increase your returns.
  • Your pre-tax retirement contributions don’t equally affect your paycheck reduction.
  • The disadvantages of date target funds.
  • The special interest of your 401k’s financial advisor.
  • The expenses that compound to large costs over time.
  • Not contributing to your company stock.
  • Telling your money what to do instead of wondering where it went.
  • Don’t regret not starting earlier.

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The Early Retirement Roadmap

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Thanks to http://www.bensound.com/ for the music used in the show.