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Ep 23: Mailbag – Yearly Spending, 401(k) Rollovers, and More

We are opening up the mailbag today to answer some of your questions. Mary has $1.4 million saved, how much can she spend yearly without running out? Rule of thumb says 4% a year, but a more detailed analysis of your plan can give you a more exact number and strategy.

Georgia has all of her money in one IRA. She is wondering whether she should move some of it someplace else? You can be diversified inside of one account; you just want to make sure that the account is set up properly. We’ll answer these questions and more on retirement planning.

What we discuss on the show:

1:12 – April is around the corner

2:03 – How much can I spend yearly without running out?

5:53 – I have all of my money in one IRA should I move it into another account?

7:53 – How do I reduce the risk in my portfolio?

9:55 – How does a 401(k)-rollover work?

12:22 – What can I do to convince my husband to retire?

15:49 – What is something that makes you feel old?

“You can be very, very diversified within one account. Often times I find if your money is spread out over different places, there’s actually way more overlap…” – Shari Rash


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