This is the first instance of the WealthSprint episode format here at Wealth Bootcamp. The idea is to focus on actionable strategies that can put you on the path to building wealth. Having recently enjoyed an interview with Mat Sorensen, expert on self-directed IRAs, we're sticking with building wealth through retirement savings in this episode..

What You'll Learn in This Episode
  • An easy to use algorithm for setting retirement contributions - 2:54
  • When it usually makes sense to invest retirement dollars in a 401(K) - 3:00
  • When it usually makes sense to invest instead in an IRA or Roth IRA - 3:13
  • How a 401(k) compares to an IRA and Roth IRA - 3:28
  • Some of the benefits of a Roth IRA vs. an IRA - 3:45
  • When it usually makes sense to switch back to the 401(k) - 5:20
  • How failing to update your beneficiary designations could hurt the people you care most about - 6:55
  • How a beneficiary designation on your retirement account can trump a will or divorce settlement - 7:00
  • An illustrative horror story - 7:46 How to make the best of a lean year by lowering capital gain taxes is made - 8:47
Key Words
  • retirement contributions
  • 401(k)
  • IRA
  • Roth IRA
  • liquidity
  • beneficiary designation
  • divorce
  • will
  • capital gains tax
  • tax loss harvesting
Ask Wealth Bootcamp
If you're an entrepreneur or business owner interested in better managing your personal wealth, then you're in the right place! Let's make this podcast as good as it can be. The more you tell us about the challenges you're facing and the areas you're interested in, the more we'll improve. If you have a question you'd like us to answer, an issue you'd like us to address, or a suggestion which guest to invite, give us a shout at

        WB03 | Part 3/3: WealthSprint - Three Action Items for your 401(k), IRA and Roth IRAs

          January 8, 2020
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