CFP® Explains: How to Organize Your Retirement (7 Must-Have Accounts)

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How to Organize Your Retirement (7 Must-Have Accounts!)
Dave Zoller, CFP®
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23 сен 2024

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Комментарии : 121

@StreamlineFinancial Год назад

Can I Get Your Opinion? Do you like the added text on the screen in this video or do you prefer the iPad drawings? 🙂

@rohnski2 Год назад

iPad drawings are my preference. Thanks for this very educational video!

@BC-fy1nx Год назад

Any graphics are better than none, Dave. Ideally, text that highlight the main points (e.g., 7 enumerated points that SIMULTANEOUSLY summarize the main presentation themes herein) are preferential to hand-drawn graphics. But again, any graphics are better than none. Thanks for having asked! BC

@rightwingprofessor1356 Год назад

On screen print looks great!

@carmenchavez7861 Год назад

I like the text in the screen 😊

@jenniferhartman9156 Год назад

iPad drawings are helpful.

@dipaknadkarni62 Год назад

Great video. Keep up the great work. At the age of 63, retired 2 years ago after 30 years on active duty in the US Navy as a physician it was the best decision that I made as a Family Physician. The downfall is that my wife died on active duty in 2014, not from her deployments, but a terminal brain tumor. She is buried in Arlington National Cemetery with full honors based on her incredible career. I miss her.

@miketracy9256 11 месяцев назад

Most of us who worked and invested for 50 years and waited until 70 to begin our SS, now have more income as retired people than when we were working full time.

@tonyschmucker1979 3 месяца назад

You're not "nerding out too much". Great information, but as important, your attitude and concern come across as sincere. Priceless. Thank you.

@joycewright5386 10 месяцев назад

My biggest problem is being afraid to spend any of my savings. I’m retired 6 years and I’m still living off of SS because I’m scared to touch savings.

@Olhous Год назад

Dave - I have just retired and have been enjoying your videos, including this one, for a while. Thank you! New video idea: The first 90 days of your retirement.

@EatLeadPal Год назад

Retiring next week at 62. Your videos are very useful and I will continue to watch. Thanks!

@stevenherman7245 Год назад

Great video! A dedicated video on back door Roth conversion would be helpful given the complexity related to that strategy.

@Jim_in_Portland Год назад

I like the bullet point text on the screen when sharing Pros & Cons, or use cases, etc. But I also like your real-time diagramming when talking about a process flow or sequence of actions, with arrows and lines between steps. I do think after diagramming though it would be helpful to the summarize the points made once again with bullet points text on the screen at the same time you are verbally summarizing. In general I must say I always enjoy your videos because you explain these concepts better than almost anyone else I listen to, with easy to understand language and a very personable style of delivery. Thanks so much for putting these out.

@dwaynemauk566 9 месяцев назад

Dave, stumbled across your feed, and want to express how much I've enjoyed your videos because you explain it where I can relate/understand. Thank you. Taking notes. Have 14 more years to go, so paying house off by retirement, putting money away to buy a "newer" car when we retire, and continue working part time into retirement for play money. We are also taking any pay increase, and dropping it into our 403(b). Not going to be where we wish we were, but will be better off then having done nothing.

@tfrauenhofer1309 Год назад

This was a very helpful video! I would love it if you could do a video on back door Roth IRA conversions. Thanks for the great information!

@frenchiemomma201 Год назад

Not nerding-out too much. You explained things very well. Thanks!

@VomBethel Год назад

This is very helpful information. I especially like the new "floor" of the checking account and using the high yield savings account (or similar type account) as the source of the checking account. Definitely minimizes any potential risk or having to withdraw investments when the market is low.

@dianebrouwer4389 11 месяцев назад

I'd like to hear details about the back door Roth conversions. Enjoyed this video. Confirmed some of my own thoughts and strategies during retirement, 2 years out from now.

@pensacola321 Год назад

I believe that Dave is the best on the Internet regarding these related topics. Solid presentation. And as a 15 years successful retiree in his 70s, I would like to add a number 8. We all know KISS. Don't complicate this. Keep it simple. Of course do some planning. But this is your life and retirement. Enjoy yourself. It is OK if you leave a penny or two on the table.

@2112_WorkingMan Год назад

To your question: like the bullet text overlays (easy-to-see summary), hate the all-orange screens (distracting), love the iPad drawings (very interactive/visual). You always have a great delivery…appreciate and enjoy the videos.

@cato451 Год назад

I would add having a Treasury Direct account to the list. Easiest way to manage fixed income assets.

@suracharawirojratana8723 Год назад

Awesome video - extremely helpful information for people who are retired or still working ! THANK YOU 🙏

@rangelet 8 месяцев назад

Great video. Feel free to talk just a little bit slower. Makes for easier following and note taking. Back door Roth IRA conversions would be a great topic to cover.

@patriciamoore3166 Год назад

Definitely would like to hear more about non-deductible IRA to back door Roth conversion!

@briannewman9210 10 месяцев назад

I came here expecting to criticize buuut, i fully agree with everything said. Solid breakdown.

@scottreasoner3661 Год назад

Would love a backdoor Roth video 🙌🏽

@Scott-sm9nm 3 месяца назад

Highyield are $250K per person on joint account. The one I use (A) is not limited to 6 withdrawals. The transfers happen in 1 day.

10 месяцев назад

Yes to the back door Roth contribution video!

@stevezoller1384 Год назад

Looks like you passed over the DAF account. That’s a good one for planning. Especially pre-retirement

@stevenharris6626 11 месяцев назад

Fantastic explanation !! I'm 64, and this is perfect timing for more knowledge!! Thanks! I added you to my subscription !!!!!!

@MrGoinggonzo Год назад

This is a great video, very helpful - I would like to know more about the non deductible ira that can convert to a roth, thanks again.

@MsTubbytube 11 месяцев назад

HSAs can have alot of fees that eat into your earnings on investments. At the moment I still have a lower cost employer provided health plan that is not eligible for HSA, so it makes more sense to put money elsewhere including Treasury Direct now that bond/bill rates are good.

@rzhang3039 9 месяцев назад

Good information for an overall retirement planning. Thank you!

@johnessency9467 Год назад

Great video. Some of these are applicable to my situation. Also, I prefer the on screen print version the whiteboard.

@johnessency9467 Год назад

I meant iPad drawings…

@michaelswami 9 месяцев назад

Very helpful. I would add that the taxable brokerage account helps you avoid being retirement rich and life poor.

@Alexanda-Mc Год назад

smart approach to retirement planning. Diversification can be beneficial.

@MarysKnoll 6 месяцев назад

Excellent content. I prefer the text-on-screen but please put the entire sentence in a static moment so that a snapshot of it can be taken.

@michaeltollen588 8 месяцев назад

Yes, would appreciate more on roth conver sions and back-door.

@Harry_16710 10 месяцев назад

Really nice (and easy to understand) presentation style. I'm going to speak with a retirement specialist as I near retirement just to ensure everything is in good shape. Subscribed!

@jenniferhartman9156 Год назад

The back door IRA video would be very helpful. The videos you produce are very informative and truly appreciated.

@77magicbus Год назад

Yes, please do a thorough video on the Roth IRA conversion. I am in the middle of doing it at age 65.

@davidfolts5893 Год назад

Thanks for the tremendous ongoing content. Great job!

@ArmandoHernandez-dx7my 9 месяцев назад

Thank you so much. Very helpful information.

@Bandaid17 11 месяцев назад

I have an internet money market with a high interest rate. There is a checking account with it so if money is needed it is transferred immediately to the checking account (it is cash after all). It is available that same day. Also there is a debit card for cash from that checking account if needed with several local ATM’s that don’t charge a fee. There is no monthly fees. I don’t see a downside here.

@Erginartesia Год назад

Well explained! It’s a huge help to watch your videos

@hello_Tam_here Год назад

Very helpful. I’ll have to rewatch to take notes.

@swingman50 Год назад

Retiring next year at 67. Plan is to live off of 401K withdrawals and Treasuries for the next 3 years. Hold of SS until 70 as it is a big tax advantage in addition to the big kick up in amount! Longevity in the family on both sides into the 90s.

@michaelmorris2272 Год назад

Very informative and current. Thank you!

@JohnSmith-mi8ov Год назад

Great information. Thank you.

@StreamlineFinancial Год назад

Glad it was helpful!

@kurtcaramanidis5705 8 месяцев назад

Great video. Also, brokerage accounts can be used to harvest large gains tax free if you keep your taxable income below the limits for long term cap gains during early retirement.

@frogmccuish Год назад

You always have great information. And.... I do like your ipad drawings. Love that I subscribed to your emails which includes more info and a link to your newest video. I am a self employed 63 yo and am ready to retire, my CFP tells me we have saved enough, but my Husband doesn't want me to, he doesnt feel as if we have saved enough. He doesnt believe the CFP is correct. I worked an extra year so far... Hate to go against my hubby, but I am ready. Thanks Again!

@dlg5485 Год назад

I've had a HSA for years and it will cover my healthcare costs between my retirement (62) and Medicare (65). However, it is bs that these funds can't be used to pay insurance premiums, which is obviously a healthcare expense. Now I will run the risk of having too much money in my HSA since I am very healthy and don't expect to have a lot of healthcare expenses in retirement. I will likely convert much of my 403b to my Roth and use the HSA to cover living expenses after age 65 in order to spend it down. Ideally, I want to only leave Roth funds to heirs.

@ronfontenot4534 5 месяцев назад

Lots of good information!

@rosemariel.9000 Год назад

Yes. Please do a video on back door Roth Thanks

@davidhastings2603 11 месяцев назад

Simply Excellent ❤

@freedomrocks7821 Год назад

Great video. Keep em coming.

@TerryCollinsP31Lifestyle 10 месяцев назад

Appreciate this video. Thank you

@kevinfarrell8870 Год назад

Great Video, I prefer the on screen print

@ninez2698 6 месяцев назад

Helpful for high income retirees

@scotts6590 Год назад

Good topic! I recently retired at 60 and am starting to work through the income / tax plan within my different accounts so appreciate the insights.

@constantnothing 10 месяцев назад

PLEASE BACKDOOR ROTH CONVERSION VIDEO!!!!!!!!!

@brucehillemann9698 Год назад

How do you have an HSA when on Medicare.

@TerryCollinsP31Lifestyle 10 месяцев назад

Thanks for this video

@Richardson_Mg 6 месяцев назад

Great information

@jbro6236 Год назад

13:13 What better alternatives to CDs were you talking about? Please explain.

@gizmobowen Год назад

I second this question. I have done the CD ladders and have a decent amount in a few CDs now, especially with the higher rates. I also have the HYSA. I'm not sure what other investments would be better for my "cash" bucket. Please explain.

@pensacola321 Год назад

MYGAs is one.

@frankkeel8410 7 месяцев назад

Excellent!

@familyguy807 2 месяца назад

What are the better alternatives to CD's for short term, safe income?

@stephtraveler7378 Год назад

Great video!

@erindeenyable 5 месяцев назад

Nice presentation style

@alfredmilla6496 11 месяцев назад

Great video! I really do have a question. For someone with less than $200,000 to invest, how would you recommend we enter the stock market? I am looking at studying some traders and copying their strategies rather than investing myself and losing money emotionally. I would like to get the public's opinion on this approach?

@cherishgp 9 месяцев назад

Can you speak a bit more about what kind of tax efficient investments can we put in the brokerage accounts?

@elizabethandrews4199 Год назад

What about annuities to bring in income during retirement?

@gsm6120 7 месяцев назад

Please make a video regarding backdoor Roth IRA.

@cherishgp 9 месяцев назад

Would appreciate a dedicated video on non-deductible IRA

@theedgeofbreakup5192 2 месяца назад

I'm grateful for my pension, but see I will be hit by higher taxes when converting to Roth and not being able to take advantage of the lower tax brackets. Then it gets worse when I take social security.

@richlandzee8686 11 месяцев назад

You kept saying IRA to Roth IRA conversion. Does this mean you can do the same for 401k to Roth IRA conversion? Let me take a jab at this strategy. Now I know the 55 rule where you can retire from your current employer at age 55 and access that companys 401k without 10% penalty. So for a Single filer, I can start converting for the next 10 years my 401k to Roth IRA up to the 12% tax income ceiling of $57,675 including standard deduction and pay the coversion tax annually from high yield savings account or taxable brokerage account. Any qualified dividend or long term gains of the first $40,000 from the brokerage account will be tax free and then it jumps to 15%. The catch is you have to hold the Roth IRA conversion amount for 5 years before you can access it so you would have one Roth IRA each year. Right now I am maxing out my Roth 401k to catch up with my much larger 401k savings. Some financial youtubers are saying that the borderline between 401k and Roth 401k is 24% tax bracket.

@cortneysamuel1060 2 месяца назад

Please do a back door Roth video

@pastortodd1964 7 месяцев назад

Can you contribute to regular and Roth IRAs at the same time?

@steves3234 2 месяца назад

Why use a high yield saving when I can use a Money Market with in my brokerage account that has the same or better rate?

@srconrad Год назад

Thanks, Dave. Nice video. It would be great if you could speak to my issue. You allude to the fact that you need enough money in the taxable brokerage account to cover your expenses while doing traditional to Roth conversions in those years before SS. I am already in retirement and unfortunately I didn’t prepare properly for this. The majority of my funds are in my traditional IRA and I need to get some of these funds into my taxable brokerage account to have available to live off. Is there any good strategy for this or do I just have to bite the bullet and pay the taxes?

@PeaceAndWheelies Год назад

Yes, I like the text.

@OpaG 10 месяцев назад

Can you convert a portion of a traditional IRA to an existing Roth IRA or a new Roth?

@danah358 10 месяцев назад

The catch with high yield savings accounts is that they typically require you to regularly have at least one source of your income deposited there. Which is no go for me ;-(.

@elizabethandrews4199 Год назад

HSA only works for high deductible health insurance

@keeperofthelostarts4469 Год назад

Thank you

@j.c.2973 11 месяцев назад

Great video Dave - not needing-out at all.

@tintinet Год назад

Text is cool 😎

@terryB4713 Год назад

Thank you Dave your video's are Very Informative. You mention brokerage account. I do have one within my IRA account in Fidelity. What is your opinion percentage should be in this account?

@ricklyman4498 10 месяцев назад

Can you do another session on the back door Roth? Thank you

@Jaykp123aol Год назад

Well done 👍

@StreamlineFinancial Год назад

Thank you 👍

@bizzfo 10 месяцев назад

Also HSA, no RMD

@curtdalgleish2903 11 месяцев назад

I don’t understand the advantage of a taxable brokerage account over a Roth IRA.

@ehalp 10 месяцев назад

More info on the back door Roth please

@tamib64 Год назад

I'd like to know if someone wants to retire and have the $89K income to stay in that lower tax bracket, how much will they have after medicare, medicade, taxes etc to spend on a monthly basis

@gsm6120 7 месяцев назад

On the brokerage account, if it is taxed on the year the gain happened, what happens when you sell those stocks few years down the road, the sale happen to have a gain? Would you be taxed twice? One on the recognition of the gain and the other is on the actual sale of stocks?