Description

In this episode, host Mark Dulaney and “Your Personal CFO” Rick Collins discusses the critical financial decisions that individuals in their 40s need to make, because "Over 40 Is Not Over the Hill!" 

They cover topics such as the implications of 401k rollovers and Roth conversions, the necessity of insurance planning, and importance of health and nutrition.

The conversation emphasizes the need for discipline in financial planning and the long-term benefits of making informed decisions today to secure a better future.

Takeaways:

• 40-somethings are at their peak earning years.
• Health and nutrition are vital financial assets.
• 401k rollovers can lead to tax-free retirement.
• Roth conversions help mitigate future tax risks.
• Disability insurance protects income if unable to work.
• Long-term care insurance is essential for future planning.
• Life insurance can serve as a savings vehicle.
• Strategic spending today can lead to wealth tomorrow.
• Discipline in financial choices is crucial for success.
• Planning for retirement should start early, not late.

Rick@BankingForYourself.com