#506 - Should I Stop Contributing to My Pre-Tax Accounts?

What is the difference between a passion and an interest? Why is it important to have a passion in retirement? In the Bring It On segment with Mark Ross, we’re discussing passions. You’ve probably heard that it is important to have a purpose in retirement, but today you’ll learn how to develop your interests and turn them into passions.

You’ll also hear questions about when to stop contributing to pre-tax retirement accounts, what preferred stocks are, and whether QLACS can be used as QCDs. Press play to listen.

How to develop your passions

Do you have interests but no passions? In retirement, it is important to find a passion that you can enjoy.

Interests and passions can be the same but not always. Passion can be projects you pursue to better yourself or some aspect of the world around you. With passions, you have a deep emotional interest.

Have you been dialing in your passions? If not, listen in to learn how to play with your interests to see how to develop a passion.

Soon we’ll be opening the doors to the Rock Retirement Club. If you have been wanting to know more about the RRC, join me on October 26th or 29th to learn how to build the four pillars of a solid retirement plan. With this scaffolding in place, you’ll be able to design your own retirement plan and get to rocking retirement. Don’t miss it!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

[3:30] Future pre-tax contributions
[13:48] What is the objective of having preferred stocks in a portfolio
[17:03] Can a QLACS distribution be treated as a qualified charitable distribution?
[18:54] Where should these 34-year-olds save?