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Contributors

James Conole CFP®, Podcaster

James Conole is the founder of Root Financial and the host of the Ready For Retirement podcast and YouTube channel.

Recent Content

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How Should I Invest Bucket #1 Of My Retirement Portfolio (3 Bucket Strategy) &Raquo; 60854458C4D1Acdf4E1C2F79C4137142D85D78E379Bdafbd69Bd34C85F5819Ad 20
How Should I Invest Bucket #1 of my Retirement Portfolio (3 Bucket Strategy)

The "Three Bucket Strategy" is a popular Retirement income planning method. The first bucket covers immediate expenses in Retirement. Listeners John and Donna are seeking advice on constructing their …

The "Three Bucket St…

The "Three Bucket Strategy" is a popular Retirement income planning method. The first bucket covers immediate expenses in Retirement. Listeners John and Donna are seeking advice on constructing their first bucket. With $1.6 million in assets and pension incomes, they aim to retire in 2026. James analyzes their needs, income sources, and portfolio and lays a foundation for their Bucket #1. It's crucial to bridge the gap between expenses and income, considering risk capacity and tolerance. Questions Answered: How do you divide assets into the three buckets, and what is the purpose of eac…

Listen · 26:01
At What Point Should I Take The Tax Hit On Unrealized Gains? &Raquo; 60854458C4D1Acdf4E1C2F79C4137142D85D78E379Bdafbd69Bd34C85F5819Ad 20
At What Point Should I Take the Tax Hit on Unrealized Gains?

Benjamin, nearing Retirement at 65, faces a familiar dilemma with his taxable account housing expensive mutual funds. Despite their underperformance, converting to low-cost index funds entails a signi…

Benjamin, nearing re…

Benjamin, nearing Retirement at 65, faces a familiar dilemma with his taxable account housing expensive mutual funds. Despite their underperformance, converting to low-cost index funds entails a significant tax hit due to long-held appreciable value. James explains weighing the immediate tax consequences against the risk of holding onto underperforming assets. He also provides a framework for assessing risk, identifying options, and making decisions based on personal financial goals.Questions Answered: How can you decide whether to sell underperforming mutual funds or continue holding onto t…

Listen · 31:07
Maximize Your Early Retirement: Should You Save To 401K Or Brokerage Accounts? &Raquo; 60854458C4D1Acdf4E1C2F79C4137142D85D78E379Bdafbd69Bd34C85F5819Ad 20
Maximize Your Early Retirement: Should You Save to 401k or Brokerage Accounts?

Typical Retirement strategies assume a Retirement age of over 60. With an earlier Retirement goal, a careful look is required to determine what strategies will create the best outcome. James responds …

Typical Retirement s…

Typical Retirement strategies assume a Retirement age of over 60. With an earlier Retirement goal, a careful look is required to determine what strategies will create the best outcome. James responds to a listener’s question about where to invest as he anticipates an early Retirement. James walks through the steps of Root’s Sequoia System to explore options for early Retirement scenarios.Questions Answered: How does early Retirement impact traditional Retirement planning strategies, such as the 4% rule?When deciding between Retirement accounts (e.g., 401k) or brokerage accounts for pre-60…

Listen · 32:08
Safe Withdrawal Rate Myths: Debunking 3 Common 4% Rule Mistakes &Raquo; 60854458C4D1Acdf4E1C2F79C4137142D85D78E379Bdafbd69Bd34C85F5819Ad 20
Safe Withdrawal Rate Myths: Debunking 3 Common 4% Rule Mistakes

The 4% rule helps us understand how much we can safely take out of our portfolio each year without running out of money in Retirement.Yet, as simple as the 4 percent rule seems, the practical implicat…

The 4% rule helps us…

The 4% rule helps us understand how much we can safely take out of our portfolio each year without running out of money in Retirement.Yet, as simple as the 4 percent rule seems, the practical implications are drastically misunderstood. I explore the three common mistakes people make when applying this rule and how to avoid them.Questions Answered:How do RMDs impact the 4 percent rule?Does the 4 percent rule account for changes in expenses and income sources?Timestamps:0:00 - Questions from listeners1:26 - Misconception 1 - RMD 3:27 - 4% rule applies to portfolio5:51 - Assumption of 30 years r…

Listen · 20:00
Secrets To A Happy Retirement: What The Research Shows &Raquo; 60854458C4D1Acdf4E1C2F79C4137142D85D78E379Bdafbd69Bd34C85F5819Ad 20
Secrets to a Happy Retirement: What the Research Shows

Retirement is not just about financial readiness; it's also about finding purpose, passion, and personal growth. James and guest Cynthia Meyer debunk the arrival fallacy, the illusion that reach…

Retirement is not ju…

Retirement is not just about financial readiness; it's also about finding purpose, passion, and personal growth. James and guest Cynthia Meyer debunk the arrival fallacy, the illusion that reaching Retirement will bring lasting happiness. Having structure in Retirement and pursuing your passions is vital to feeling fulfilled. Although it's easy to fall into comparing our Retirement experiences to those around us, this is a dangerous trap. Finding what's truly important to you and following that will lead to much greater happiness.Questions Answered:What is the arrival fallacy?…

Listen · 31:21