Don't Ruin Your Retirement: 3 Essential Choices You Must Make

Ajouté : 2026-05-05

[00:00:00]Retirement is kind of like baking a cake. If you mess up just one thing, the whole cake is ruined. Number one, pick between a Roth and a traditional. If you have a ton of money in your pre-tax traditional accounts and not much in your Roth, you can still move some money into your Roth while you're working.

[00:00:13]Every year you wait is a year you can't get back. A regular pre-tax IRA left your kids is a tax bill, not a gift. A Roth IRA left your kids is clean tax-free money. The difference is huge.

[00:00:23]Number two, make sure you will have enough income in retirement. The same thing goes for retirement income. If you retire too early and you don't have enough retirement income, it ruins your whole retirement. Number three, update your estate plan. Make sure all of your accounts have beneficiaries so that your family doesn't have to go through probate. Talk with an estate attorney to see if you need a trust or a will.

[00:00:42]Retirement isn't just about how much you saved, it's about these three choices and making sure that you did everything perfectly.