Welcome to episode 80 of Accessible Finance with Eric and Rachael Johns!
In this rapid-fire session, Eric answers your most pressing retirement questions without his famous 'It depends' caveat. From the biggest mistakes made before retirement to whether you should downsize your home, we cover it all. Also discussed are Roth IRAs vs. traditional IRAs, how to estimate healthcare costs in retirement, and the safest investments for retirees. Don't miss out on practical, concise advice on these essential topics. Remember, this is for educational purposes only and not financial advice. Tune in now for all the insights!
00:00 Introduction and Favorite Phrases
00:45 Rapid Fire Questions Begin
01:48 Biggest Mistakes Before Retirement
03:09 Mortgage and Retirement
04:31 Roth IRA vs Traditional IRA
04:53 Savings by Age 60
05:58 Starting Late for Retirement
06:16 Social Security Timing
07:21 Reducing Taxes in Retirement
12:44 Healthcare Costs in Retirement
14:39 Understanding Medicare Supplement Plans
15:47 Exploring the 4% Rule for Retirement
19:07 Working Part-Time and Social Security
23:57 Avoiding Financial Scams
26:06 Leaving Money to Heirs
27:13 Reviewing Your Retirement Plan
28:57 Conclusion and Disclaimers
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