Daniel (host)

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265 appearances 2 recordings 1 series first heard Dec 2024 last heard Jan 2025

Daniel (host)’s voice in public audio — every appearance, attributed to the second.

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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing · Real Estate in a Roth IRA · 25 Dec 2024 podcast

And that's going to require a significant amount of funds, significant amount of planning, some strategy along the way, etc.

So we start there, we look at that retirement fund, we look at your saving strategy, all that.

And then we try to as much as possible, create

a plan and goals and strategy that to the best of our ability attempts, you can't make any guarantees, right?

But attempts to kind of like safeguard that aspect, that biggest piece of your goal, because if you mess it up, especially closer to retirement in a significant way, it's really hard to bounce back from that.

So we try to keep that really simple.

So when it comes to putting like alternative assets or complexity into these retirement focused accounts, more often than not, we will typically really try to understand and potentially even challenge clients as to why doing it with that portion of your net worth and assets makes sense.

Now, in some cases, it does.

We've seen it from time to time where folks have done it, and it potentially does make sense in that situation.

There's nuances to their plan where that's a better place to put it than alternative options, or maybe they don't have liquidity elsewhere.

But because of their circumstances and earning and incentive structures previously, they were able to build up a significant retirement, sometimes maybe in excess of what they actually need for their retirement goals.

So we can carve off a piece.

to do other stuff.

But for most people, the simplest solution is the best one.

Having a retirement account that is allocated in a smart and reasonable way that's going to get them to their retirement goals.

Then having savings and other opportunities that they can do outside of their retirement accounts, their specific retirement goals.

That's, you know, taxable savings or other savings vehicles, developing an LLC, investing in real estate, taking on a risk outside of kind of retirement allocated funds or besides that or in parallel to that with the goal of creating wealth above and beyond just a retirement goal.

So this would be like small business owners, right?

So a small business owner, you are investing in assets.

equity in a business through your day-to-day work, through the sweat of your brow, etc.

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