Replace Your Paycheck

This week, Robert tackles the most common workplace retirement plan: the 401(k). While he loves the account's high contribution limits and the lure of "free money" via the company match, he warns against the massive tax liability—potentially 25% of your income—that awaits you in retirement. Learn Robert's critical two-step strategy: always accept the match, and then immediately i...

To achieve the goal of replacing your paycheck, you must first calculate your target nest egg using the 25x rule . This episode reveals the three specific accounts you need to start funding that goal: the Individual/Joint Account, the 401(k), and the Roth. Robert explains the unique power of the least regulated account, the Individual Brokerage, detailing its flexibility for contributions and its...

Last time, we got down to brass tacks: How much money do you actually need to retire? And my answer was simple: You need enough to replace your paycheck. But I know what you're thinking: "Robert, that's great, but what does that number look like for me?"Well, today, I’m giving you the key! I’m going to share the ridiculously simple math—the magic number 25—that helps you calculat...

Ready to find out exactly how much you need? In this episode, Robert Lettin walks you through the three essential steps to determine your target retirement income. We'll break down how to calculate your current monthly expenses, explore the financial accounts you need to open and fund, and discuss the "life happens" factor of adjusting your plan over time. This is where the planning...