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

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112: Choosing the Right Tax Professional for YOUR Specific Needs with Natalie Kolodij

112: Choosing the Right Tax Professional for YOUR Specific Needs with Natalie Kolodij

Natalie Kolodij is a tax strategist. (You’ve probably seen her in the forums!) With April 15 looming around the corner, we’re going to chat about ways to choose the RIGHT tax professional who can best...

17 Feb 20201h 11min

111: Starting Late? Early Retirement Is STILL Possible with A Purple Mom

111: Starting Late? Early Retirement Is STILL Possible with A Purple Mom

On episode 110, we interviewed A Purple Life. As she was sharing her story of financial independence, she casually mentioned that her mother didn’t start investing until later in life, and STILL manag...

10 Feb 20201h 2min

110: Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life

110: Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life

Purple graduated from college and got a job in New York City making $35,000 a year. And spending $35,000 a year. Her net worth was a whopping $5,000. Her partner shared the concept of financial indepe...

3 Feb 202059min

109: Attacking Debt and Tenaciously Pursuing Financial Freedom with Airman Mildollar from Military Dollar

109: Attacking Debt and Tenaciously Pursuing Financial Freedom with Airman Mildollar from Military Dollar

This week, we sit down and talk with Airman Mildollar, from Military Dollar. (Spoiler Alert: Despite the name, Airman Mildollar is a woman!) Airman Mildollar shares her story of college debt, car loan...

27 Jan 202057min

108: Starting Early & Finishing Strong with Real Estate with Kristi Tanner Smith

108: Starting Early & Finishing Strong with Real Estate with Kristi Tanner Smith

Kristi Tanner Smith considers herself privileged—she was an only child in a big house with lots of toys. But Kristi’s mom was diagnosed with a fatal disease and given six months to live when Kristi wa...

20 Jan 202055min

107: Choosing Side Hustles (& Happiness!) Over Full-Time Employment with Financial Panther

107: Choosing Side Hustles (& Happiness!) Over Full-Time Employment with Financial Panther

Financial Panther (Kevin) went to law school, graduated from law school, and took a job as an attorney. Attorneys make a lot of money, right? So, with all this income potential, why is he doing side h...

13 Jan 20201h 8min

106: Planning For Your Future Wealth with Megan Gorman from The Wealth Intersection

106: Planning For Your Future Wealth with Megan Gorman from The Wealth Intersection

Megan Gorman started learning about money very early – at age 5 she begged her parents for a Little House on the Prairie Dress. Her parents said we’re not buying it for you, but you can save up for it...

6 Jan 20201h 4min

105: Budgeting Yourself OUT of Debt and Into a Fantastic Life with Jen Hemphill

105: Budgeting Yourself OUT of Debt and Into a Fantastic Life with Jen Hemphill

Jen Hemphill was born in Colombia and lived there for the first eight years of her life. The economy was really bad, and her earliest memories were of a scary time when her educated father did whateve...

30 Dec 20191h 1min

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