118: Retirement Planning During (and After) The Coronavirus with Kyle Mast

Kyle Mast is a Certified Financial Planner, back for his third episode to answer YOUR questions about our current market conditions.

We ask him the questions YOU had on your mind, including rebalancing your portfolio, staying the course, and trying to time the market.

We take a deep dive into the retirement planning system, including weighing the benefits of Roth plans vs a traditional plans, and even discuss whether converting pre-tax retirement funds into post-tax funds during this down market is the right choice for you.

While this episode focuses more on the state of the stock market, we do discuss real estate investing, and considerations for whether you should jump in or hold back.

As always, consulting your own tax advisor and financial planner is advised, but Kyle brings up some very interesting ideas to take advantage of this down market. 

In This Episode We Cover:

• What people should do on their asset allocation with the situation right now
• The best way to protect your net worth in this economy
• Talking about Roth contributions
• Contribution limits on a Roth 401k
• A good plan to start investing in stocks for a short-mid term leaving the Real Estate aside for a while
• Kyle's thoughts on 4% rule
• Kyle's thoughts on withdrawing Roth IRA contribution for down payment on a rental property
• What is a good use for Stimulus Check
• How can someone find a good estate planner or estate planning attorney
• The importance of estate planning
• And SO much more!

Links from the Show

• BiggerPockets Money Facebook Group
• BiggerPockets Forums
• BiggerPockets Money Podcast 41
• BiggerPockets Money Podcast 84
• BiggerPockets Podcast 374
• BiggerPockets Money Podcast 116
• Mad Fientist
• Dow Jones - DJIA - 100 Year Historical Chart | MacroTrends
• BiggerPockets Money Podcast 49
• Mindy's email
• Scott's email

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