118: Retirement Planning During (and After) The Coronavirus with Kyle Mast

118: Retirement Planning During (and After) The Coronavirus with Kyle Mast

Kyle Mast is a Certified Financial Planner, back for his third episode to answer YOUR questions about our current market conditions. We ask him the questions YOU had on your mind, including rebalancing your portfolio, staying the course, and trying to time the market. We take a deep dive into the retirement planning system, including weighing the benefits of Roth plans vs a traditional plans, and even discuss whether converting pre-tax retirement funds into post-tax funds during this down market is the right choice for you. While this episode focuses more on the state of the stock market, we do discuss real estate investing, and considerations for whether you should jump in or hold back. As always, consulting your own tax advisor and financial planner is advised, but Kyle brings up some very interesting ideas to take advantage of this down market. In This Episode We Cover: What people should do on their asset allocation with the situation right now The best way to protect your net worth in this economy Talking about Roth contributions Contribution limits on a Roth 401k A good plan to start investing in stocks for a short-mid term leaving the Real Estate aside for a while Kyle's thoughts on 4% rule Kyle's thoughts on withdrawing Roth IRA contribution for down payment on a rental property What is a good use for Stimulus Check How can someone find a good estate planner or estate planning attorney The importance of estate planning And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 41 BiggerPockets Money Podcast 84 BiggerPockets Podcast 374 BiggerPockets Money Podcast 116 Mad Fientist Dow Jones - DJIA - 100 Year Historical Chart | MacroTrends BiggerPockets Money Podcast 49 Mindy's email Scott's email Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(743)

183: Mini Millionaires: How to Set Up Your Children for Financial Independence with Rob Phelan

183: Mini Millionaires: How to Set Up Your Children for Financial Independence with Rob Phelan

Those who are part of the FI or FIRE movement know how important it is to set yourself up on the right path in your youth. For parents, how do you get your kids excited about pursuing financial freedo...

29 Mar 202155min

182: What if My Career Gets Phased Out? Finance Friday with Mike

182: What if My Career Gets Phased Out? Finance Friday with Mike

Mindy and Scott don’t often get stumped on the Money Show, but it happens once in a great while. What do you do when you have a multi-million dollar net worth, appreciating properties, a maxed out 401...

26 Mar 20211h 3min

181: A Slow, Steady, and Sustainable Way to Buy Rentals with Julie

181: A Slow, Steady, and Sustainable Way to Buy Rentals with Julie

You may hear of 20 year olds with $1,000,000 in real estate, or a novice flipper doing 50 flips a year, or even a wholesaler who made six figures on one deal. What about the everyday investor who slow...

22 Mar 20211h 17min

180: So You’ve Reached Millionaire Status, What’s Next? Finance Friday with Brian Blask

180: So You’ve Reached Millionaire Status, What’s Next? Finance Friday with Brian Blask

What do you do once you’ve hit millionaire status? You have rental properties, brokerage accounts, and a good amount of cash on hand, so what’s next? This is the question that today’s guest, Brian Bla...

19 Mar 20211h 13min

179: “The Guy Who Did Everything Wrong But Still Figured it Out” with David Pere

179: “The Guy Who Did Everything Wrong But Still Figured it Out” with David Pere

Being in the military opens you up to an array of benefits for a financially abundant life. You have access to VA loans, a tax-free housing allowance, and a pension (if you stick around long enough). ...

15 Mar 20211h 8min

178: Finance Friday: From $33k in Debt to $100k+ in Net Worth Through House Hacking & Smart Saving with Budget Girl

178: Finance Friday: From $33k in Debt to $100k+ in Net Worth Through House Hacking & Smart Saving with Budget Girl

Last time we talked to Sarah, AKA Budget Girl, she was on Episode 6 of the Money Show. If you haven’t listened to that episode, here’s a quick recap. Sarah was $33,000 in debt from student loans, but ...

12 Mar 20211h 15min

177: Putting Yourself in the Best Financial Position as a First Time Home Buyer with Scott and Mindy

177: Putting Yourself in the Best Financial Position as a First Time Home Buyer with Scott and Mindy

It’s hard being a first time home buyer, especially if you don’t have any experience with real estate, property values, or market appreciation. You may be wondering how you’ll be able to buy a home th...

8 Mar 20211h 17min

176: How to Grow Retirement Accounts Before Having Kids | Finance Friday with Steve

176: How to Grow Retirement Accounts Before Having Kids | Finance Friday with Steve

Most listeners of the show will know that a cash cushion is always great to have and should be mandatory for almost everyone. Having a cash reserve of 6-12 months can help you cover unexpected expense...

5 Mar 20211h

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