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200: Episode 200 Special: A Personal Finance Masterclass with Kyle Mast

200: Episode 200 Special: A Personal Finance Masterclass with Kyle Mast

FromBiggerPockets Money Podcast


200: Episode 200 Special: A Personal Finance Masterclass with Kyle Mast

FromBiggerPockets Money Podcast

ratings:
Length:
90 minutes
Released:
May 28, 2021
Format:
Podcast episode

Description

We love when guests come back on the show, especially when that guest is Kyle Mast. You may have heard him back on episodes 41 & 84, but now he’s here to celebrate our 200th episode with us! Scott and Mindy have come up with their own questions to ask Kyle ranging from retirement accounts, to asset allocation, to the future of cryptocurrency, and more.If you’re worried about retirement, Kyle has you covered. We go over some great topics like whether you should choose a traditional 401(k) or a Roth 401(k). From there, we talk about whether a pre-tax account or a post-tax account makes the most sense, based on your income, tax bracket, job security, and more. We’ll also touch on HSA (health savings accounts) which are a fan favorite as well as a tried-and-true winner for almost anyone who qualifies for one.Post-retirement is another topic that rarely gets discussed on the show (since we’re all so focused on getting wealthy, not deploying that wealth). If you’re worried about hitting required minimum distributions soon, you may have the ability to save hundreds of thousands of dollars in the long run with some tips from Kyle. We’ll also talk about diversifying your accounts now so you can be nicely positioned upon retirement.Lastly, we talk about inflation, rising house prices, tech stocks, and (Mindy’s favorite, of course) cryptocurrency. All of these are incredibly relevant right now and it’s great to hear from someone as neutral as Kyle on the pros and cons of each.In This Episode We CoverTraditional 401(k)s vs. Roth 401(k)s and the tax implications of bothLooking at your retirement accounts from a long or short term positionTaking the 401(k) match whenever a company allows you toRequired minimum distributions and the 4% ruleSolo 401(k)s and and retirement accounts for entrepreneurs Cryptocurrency, stocks, real estate, and precious metal allocationAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterBiggerPockets Money Podcast 41BiggerPockets Money Podcast 84BiggerPockets Money Podcast 118Mad FientistBiggerPockets Money Podcast 120 with Michael KitcesNerd's Eye ViewCheck the full show notes here: https://www.biggerpockets.com/moneyshow200See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 28, 2021
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.