Macon Money Podcast

Ep 106: Mailbag- Protecting Your Savings, Retiring Early, Roth Conversions, And More!

Informações:

Synopsis

We’re back with another mailbag episode! We’ve received some excellent listener questions recently, and we’re going to dive into a few of them on today’s show. Stay tuned to gain valuable insights and practical solutions to real-life financial challenges and questions. In today’s episode, we’ll discuss protecting your savings and investments from current economic uncertainties, what to do once you’ve maxed out your 401(k) savings, and retiring early. We’ll also clarify the critical distinctions between two often-confused terms, Roth contributions, and Roth conversions.    Here’s what we’ll discuss in this episode: What steps can I take to protect my savings and investments from losing value with the current inflationary pressures? (3:23) What should I do once I’ve maxed out my 401(k)? (10:27) I have plenty of money in my 401(k) but I’m only 57. Is it foolish to retire now? (14:30) The critical difference between a Roth contribution and a Roth conversion. (18:12) Listen to Episode 70: https://myretirementcla