Hey Money Guy Show, I know that I shouldn't stop investing regardless if the market is going up or down (dollar cost average in). I have also heard Brian mention it is good to have some cash on the side for opportunities. How much is too much/how long is too long for opportunity cash? I have started to save cash on the side for the last three years (while dollar cost averaging about 35% of my gross income). By April next year, my opportunity cash will be about 1 year's worth of expenses. The oldest saved amount has missed out on quite a bit of growth over the last three years, but I also think it is important to have when a recession does hit. I am not sure if I should continue to grow the opportunity cash or focus on growing the current investment cash since I have a bit already saved up.

2:32💩

I give each property its own dedicated emergency fund. That's what I have found works well for me.

The key to net worth is debt free

Love the detailed discussion on retirement! That’s basically the goal for most financial planning anyway. Please continue to focus on retirement and later life issues so those of us coming up can focus our plans on the right things at the right time. Thanks!

36 yrs old and just started listening to money guys this year. Started my 401k at 25 when I got my first job that offered one. Started my own personal pertfolio a couple years ago but just started taking it seriously this year.

Thank u for this presentation. Im buying my 1st fixed Annuity & needed this education. ❤

I'm 56 and don't make that much nor do I have that much net worth yet. Almost 1 million aiming for 2 million

I’m depressed now looking at my 401k balance and how close I’m to retirement. I need to win lottery just to break even.😢

A couple filing married jointly can cash out about 120k with no other income and pay $0 tax after AGI.

457 Roth needs to wait until age 59.5? For 50 and over catch up $7,500 Secures Act stipulates it needs to be contributed to Roth. If have 457 and 403b, can catch up be contributed to both or just one or the other?

So where the hell did she get 8% from? The prospectus of her direct deposit slip?

Yes.....set it and forget it. S&P 500. Keep investing in it. If you are putting money away in your 401K, that company match helps too. Put in 15 %.

You’re trying to put this man in a full body cast

I learned that you could roll over your money from a roth 401k to a roth ira, this is the exact answer to the question I was looking for all day, thank you!

I’ve read up a bit about Roth conversion ladder’s . Is anyone using this as a way to access funds early? Haven’t done enough research on it yet.

Dave doesn't understand how the real world works in 2024. He's completely non relatable

How much of your content relies on Dave Ramsey?

Retirement is becoming increasingly challenging for many people. Low wages, inflation, and high rent costs make it difficult to save, and now, even middle-class Americans are struggling to buy homes-leaving them with fewer retirement options.

If my pension vanishes I’m gonna have bigger problems than retirement funds.

2:15 Good advice if in a pinch forced to withdraw. But that doesn't address the real question: 'how can I not give away savings I spent decades saving up?'

please add timestamps

Bunch of fluff in the answer

Bitcoin

I have to do traditional in my TSP so we can remain eligible to do Roth contributions as well.

I’m 43 and just starting to take investing seriously. With inflation eating into savings, I’m debating between putting my money into the S&P 500 or a target-date index fund. Any advice on which might be better for long-term growth?

I love all the information provided from this show, but it always makes me feel like the poorest kid in the rich neighborhood when they start throwing out numbers.

If I was in this situation, I would estimate how much money I needed for expenses over the expected length of time I would be in grad school, sell however much I needed to sell in the brokerage account to cover this sum, and use the cash to build a TIPS ladder. A person could also build a regular bond or CD ladder if they wanted but I prefer the inflation adjustment factor in TIPS. This way, I would always get the principal back each year as the TIPS matured plus I would get interest. This method takes market risk out of the equation and guarantees I get the money I need each year.

Some folks forget or never realize Dave is teaching financial peace not math. If you cannot comprehend there is much more to money than math, your net worth and peace of mind will suffer

Hey Money Guy Show, I know that I shouldn't stop investing regardless if the market is going up or down (dollar cost average in). I have also heard Brian mention it is good to have some cash on the side for opportunities. How much is too much/how long is too long for opportunity cash? I have started to save cash on the side for the last three years (while dollar cost averaging about 35% of my gross income). By April next year, my opportunity cash will be about 1 year's worth of expenses. The oldest saved amount has missed out on quite a bit of growth over the last three years, but I also think it is important to have when a recession does hit. I am not sure if I should continue to grow the opportunity cash or focus on growing the current investment cash since I have a bit already saved up.

The main point is, fill up the Roth first. Then, go after the pretax accounts. My 403b has sucked. I'd go with the 457 pretax option over the 403b. Another thing, some employers offer a Roth option, others do not.

Is there somewhere that we can ask questions for you guys to cover in future episodes?

Every video endorsing rebalancing “we can see that there is no difference in the back testing, in fact not rebalancing out-performs”. Now I will spend 15 minutes of hand wavy discussion explaining away the only empirical evidence we have”

I just turned 50, and I'm honestly feeling overwhelmed about retirement. I have a little over $300k saved, but with inflation and the rising cost of living, I’m starting to wonder what kind of retirement I can actually afford. I don’t want to end up outliving my savings.

Wow, all of that and still didnt answer the question

I mean im not saying donations aren't worth doing. But I don't get why you would donate extra to lower taxes. Your throwing away 10k to save 3. Just keep the 10k. Pay the 3 in tax & extra costs and bank 7. Or reinvest. Youd end up with more. And potentially more to give later. Trying to dodge taxes by donations doesn't make sense mathematically. Donation because you should and you want to.

I'm a victim of whole life insurance: 10 pay, $15K every year, after 10 years I finally reached cash value of $150K, and death benefits of $400K, only to realize had I invest the $15K every year for 10 years in S&P 500 Index fund, I'd have $600K with dividend reinvestment. In the meantime, the term life insurance for $400K was merely a few hundred bucks per year.

I don't know about the advice here. Liquidity is less of a concern for this specific use case as the person attending grad school can always take out student loans. Then the concern drops to whether the assets have a greater expected return than the cost of servicing the loans. Maybe this matters less with grad loans at 8% but there was a time when they were at 4.

My dad's 83 now, he's always telling me that retirement is great but getting old sucks, you'll spend more time being old than you will in retirement so enjoy retirement. That early 80's age seems to also coincide with the body starting to fail.

You cannot get a price on Marketplace if you’re covered through your work. At the beginning of the Marketplace application, it asks if you have insurance through your employer so if you click “yes” you can’t even get to the point to find out the prices, unless it recently changed.

oh no, the stache gotta go

350k in JEPQ would pay around $3000 a month in non-qualified dividends without touching the goose that lays the golden egg.

How are people this stupid?

HR 82 justed passed and just waiting on Presidents signature. This will also add some money to the bank account for those of us who've worked in both public and private.

With 160 days till I retire, I am happy to see this show's topic. It is very important topic and thanks for all the information. I know switching from SAVING & INVESTING to spending is going to be a challenge.

Dude, who trims your sideburns?

“E Niggah me” 😂😂😂

Got distracted by Bo’s mustache and had to try to figure out where I had seen it before. Do a search for Val Kilmer as Doc Holiday in tombstone. Put that black hat on him and it’s a dead ringer. Now back to the programming already in progress. 😂😂

I understand it is better to pay ROTH CONVERSION taxes from "other" accounts to take advantage of the FULL conversion amount. However, when simply withdrawing from 401k (not converting), does it really matter when taxes are withheld? For example, can you just withhold taxes from your 401k withdrawal as to not impact other cash accounts?

At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.