How to Shave Off 7+ Working Years and Retire Early!

23:12Now, this is a strategy where people leave money on the table years before they discover it. Just because you are a stay-at-home parent does not mean you can't contribute to one of these different accounts. So let's say, for example, someone missed out on this, and they skipped out on this for 15 years. Well, that means they would have lost out on$112 ,500 in contributions, plus all the growth. So at an 8 % rate of return over the course of 25 years, that missed money would have grown to$640 ,000. Well,$640 ,000, depending on how much money you need every single year, can shave off three, five, seven years in retirement that you do not have to work just by knowing that you can contribute to another account.

23:50And so the spousal IRA is wonderful for this kind of stuff. Now, which type should you pick? Should you do a traditional spousal IRA? Should you do a Roth spousal IRA? Well, you want to look at your income limits. You want to look at your overall financial plan. Do you want that tax-free growth? Are you phased out of the$242 ,000 in the phase-out currently at the time of recording this? It changes every year, so make sure you check the IRS website to see where that is. Well, if so, then you can either do a backdoor Roth IRA, or you can do a traditional IRA if you want that tax deduction in that given year.

24:19So this is something to just consider as you start to think through this, but I'm going to give you a case study and show you the difference here on what would happen if someone actually decided to start contributing to a spousal IRA. So let's say we have Tom and Rachel, okay? So Tom is 35 and earns$150 ,000 per year as a software engineer. Rachel is 33 and she stays home with their two kids. And they've been maxing out Tom's Roth IRA for years, but assume Rachel couldn't contribute because she has no income. Well, we now know that this is completely wrong and something that you absolutely can do.

24:50So they start funding a spousal Roth IRA for Rachel at the 2026 limit of$7 ,500 per year. Over 30 years, that's over$225 ,000 they contributed to that Roth IRA. That would have been left on the table if they did not contribute those dollars. But here's the crazy part, because compound interest is the real key when it comes to some of this stuff. Once you put money in a Roth IRA, you want to make sure you're investing those dollars. That's a big mistake that people make when they're beginners. You want to make sure you're investing those dollars inside of the Roth IRA, inside of that account. but at an 8 % rate of return over the course of 30 years, Rachel's account would have grown to$918 ,000 and a big chunk of this would be completely tax-free.

25:32That's nearly a million dollars in retirement money that the family would not have had if they didn't know this account existed. And so$918 ,000 means they would hit their fine number five years earlier just by doing this and making sure you stay disciplined in investing this account. And so once they contribute to that IRA, this can be a huge, huge difference long-term for them and their family. And so really thinking through spousal IRAs can be very, very important and a very powerful way to grow your wealth over time. And if you didn't know these existed, it is one of those things that you wanna make sure you were doing.

26:05Because if you can fund two Roth IRAs instead of one, wow, you get that tax-free growth that is really cranking over time. So really think through this, a spousal Roth IRA. If one of your spouse, if a spouse does not work or they make minimal income under what you think you should be contributing. You want to make sure that you are looking deeper into that spousal IRA. All right, the next one. Now, this is a really, really fun one. I want to make sure that we get through this one because I think this is going to be interesting for a lot of folks. It's the 0 % long-term capital gains harvesting.

26:36Now, I know that's a mouthful. I'm going to explain in the most simple terms what this is so that you have an understanding of how this can work. It's actually a pretty simple concept, but we need to make sure we understand some of the numbers behind this, especially the 2026 limits. And if you are listening to this in the future, make sure you look at the current year IRS limits so that you know where they land. The federal government taxes long-term capital gains at 0 % if your taxable income is low enough. You've heard me talk about this before. You know, there's a range where you can look at this, and we'll talk about the exact numbers here in a second, where if you make less than about$50 ,000 per year, it's actually$49 ,450, then you're going to pay 0 % capital gains tax if you're single.

27:14And if you're married, it is going to be$98 ,900. If you make less than that as a household income, then you could also be paying 0 % capital gains tax. Okay? When it's long-term capital gains. So what is long-term capital gains for just a refresher? Long-term capital gains is when you hold an investment in that account for longer than one year. It has to be one year or longer. If it's less than one year, then you're going to pay income tax on that money, which you really don't want to be doing. Okay? So you can intentionally sell appreciated investments, pay zero tax, and immediately rebuy the same investment to reset your cost basis higher for some tax-free growth, okay?

27:50So I want to show you how this works. So let's look at the exact numbers again. Single filers can earn up to$49 ,450 in taxable income and still pay 0 % long-term capital gains tax. Married couples filing jointly can earn up to$98 ,900 in taxable income and still pay 0 % for long-term capital gains taxes. And here's the cool part, though, is we're going to add in one more layer because the 2026 standard deduction is$32 ,200 for married couples filing jointly and$24 ,150 for heads of households and$16 ,100 for single filers. Now you need to know those standard deductions because I want you to understand how this works.

28:36So what does this mean in plain English? Well, a married couple in 2026 can have a gross income of$131 ,100, which is broken down like this,$98 ,900 in taxable and$32 ,200 in the standard deduction and pay zero on long-term capital gains. And a single filer can have a gross income of up to$65 ,550 and pay zero long-term capital gains. So let's say you have a brokerage account and you have$50 ,000 of capital gains in it and$150 ,000 total in your position. In a year, when your taxable income is below that threshold, you sell that investment and you pay zero federal tax on the gains and then you immediately buy it back.

29:16So now your cost basis is$150 ,000 instead of$100 ,000. And the$50 ,000 gain is actually permanently tax-free. Now, one thing you got to watch out for is the wash sale rule. You got to make sure that you are looking into that and understanding how that works for your specific situation. but this is something that you could do if you have some of these things in a taxable account that has these huge gains, but you decide to have a year where you have lower income. So let's say you take a sabbatical or you do something where you are making less in a given year. Maybe you cut back the amount of days that you're working for a given year.

29:47This could be something that helps you big time when it comes to thinking through long-term capital gains. So let's do a case study on this and let's see how impactful this can actually be to your long-term retirement, okay? So I want you to meet David and I want you to meet Karen. Sure, Karen is actually a Karen in this situation. So David and Karen retire early at 55. They have$1.5 million in a taxable brokerage account with$400 ,000 in unrealized long-term gains. This means they have$400 ,000 in gains in that account that they have not paid taxes on yet because a state invested inside of that account, okay?

30:21Their only income now is about$60 ,000 that they pulled from their brokerage to live on, plus a small amount of dividends they get paid through all of their investments. So their taxable income lands around$70 ,000, well under the 2026 0 % capital gains tax range of$98 ,900 for married couples filing jointly. Remember, that's why we went over those numbers. $98 ,900 or less is where you can pay 0 % capital gains. So every year, they intentionally sell some appreciated shares to$28 ,900 of gains tax-free, then immediately rebuy some of those shares. Their cost basis resets higher and zero federal tax is owed on those dollars.

31:00So over a 10-year period before Social Security and RMDs kick in, they have roughly$289 ,000 worth of gains at 0%. And if they had sold these same shares at the 15 % rate, that's$43 ,000 of pure tax savings that they are actually having by following this strategy. So this is tens of thousands of dollars worth of savings if you actually go through this process. But you got to watch out for some of the wash sale rules and make sure that you figure out exactly how this works within your own specific situation. Okay. Now, here's the cool thing about this is having$43 ,000 that you save in taxes. Let's just say you had the habit of saving that$43 ,000 or reinvesting those dollars.

31:39That can give you a couple years cushion in your retirement plan that allows you to, hey, reduce the sequence of returns risk or reduces the overall risk of your portfolio so that you have a little bit of extra cash on hand. So instead of paying the IRS some of those taxes, you can actually save those into your cash bucket or you can reinvest those into a separate bucket that allows you to grow that money long term. So this is just a great way to think through how can I optimize my portfolio, which is why going back to number one, we want to make sure we have the right investments in the right locations so that we can follow some of these strategies and allow them to help us stay within some of these ranges so we're not paying so much in taxes.

32:19Next, we're going to dive into the mega backdoor Roth right after this. All right, so next we're going to talk about a high earner strategy called the mega backdoor Roth. Now, this is something that is a way to shove tens of thousands of extra dollars into Roth accounts if you have the income to support this. Now, not every single person can do this, but if you are a high earner, you have extra dollars on hand and you have the right plan in place, this could entangle you into the perfect storm that allows you to do a mega backdoor Roth. So let's talk about how this works and how nobody really uses this, but it is a very powerful way to accelerate your timeline to financial independence.

32:57So to use this strategy, your 401k has to have a couple of different features. And you can ask your HR department if some of these exist in your plan, or you can pull out your plan documents and look a little deeper. One is you have to be able to have the ability for after-tax contributions. So this is one of those things that you need to make sure that you have first before you can even do this. Also, you need to either have in-service distributions or in-plan Roth conversions. Now, there are three buckets inside of your 401k. You have your pre-tax or your Roth employee contributions. This is where you contribute your pre-tax or your Roth into those accounts.

33:31This is standard, like you're putting your money into your 401k, okay? Then you also have your employer match, which we talk about a ton on this podcast. It's layer two. And then there's layer three, which is the secret bucket that most people don't really know about, which is your after-tax contributions. So those are after-tax contributions that you can also add into your 401k. Now, here's the math on this, okay? Because the total 401k contribution limit in 2026 for something like a mega backdoor Roth is$72 ,000. If you're over the age of 50, it is actually$80 ,000. And so the 2026 401k elective deferral limit is also$24 ,500 or$32 ,500 with catch-up contributions.

34:11So using a mega backdoor Roth strategy, you may be able to contribute an additional$47 ,500 in after-tax dollars. Now, this number is going to drop by every single dollar that your employer contributes. So if you get a match and your employer starts to contribute dollars there, this number will drop by the amount that your employer contributes. That's one thing you need to know. So I'm going to show you the flow or the steps on how this would work so you can see if this will work for your situation. All right, so step one is you would max your regular$24 ,500 employee contribution. Number two is if your employer does do a match, they would kick in their match at the same time as you're making those contributions.

34:47Now, whatever space is left between those two and the$72 ,000 ceiling is your after-tax bucket. And so you contribute after-tax dollars into that bucket. Now, here's the cool thing. So once you get those dollars into your 401k, you immediately convert those after-tax dollars to Roth, either in-plan or to a Roth 401k or out to a Roth IRA. If you don't have an in-plan Roth 401k, you can move it to a Roth IRA. And that money grows tax-free for the rest of your life. So this is a way where you're going to get dollars that have already been taxed and you're going to move them into your Roth so that you can get more dollars into your Roth.

35:24Now, a higher earner using the mega backdoor Roth for 10 years could make$400 ,000 plus of additional contributions into their Roth. Now, this is a really powerful thing because as we know, Roth IRAs grow tax-free and you can pull the money out tax-free. So if you want a really big Roth account, these mega backdoor Roths can truthfully help you do this. But you've got to have those 401k plan features. If your 401k plan doesn't have those features, then you're not going to be able to do this. And not every single 401k has these features. Now that's five to eight working years that you could shave off.

35:57If you actually save these dollars, again, you're gonna have to have an high income to be able to do this because we're talking about tens of thousands of dollars per year that you're gonna be putting into these accounts. So let me give you a case study here. I want you to meet Priya. So Priya is 32. She works at a tech company that allows her to have after-tax contributions and also have in-plan Roth conversions. What does that mean? That just means you put after-tax contributions into your 401k and your 401k allows you to convert that money to your Roth 401k inside of your plan. She earns$220 ,000 and already maxes her regular 401k at$24 ,500 per year.

36:31Her employer adds an$11 ,000 worth of match every single year if she maxes out her account. Wonderful match. This is the beautiful thing about the match is you can get big dollars into some of these accounts. So she's got$11 ,000 in match, which leaves$36 ,500 left of unused space inside of her$72 ,000 total 401k limit. Again, remember, you can put$72 ,000 total inside the 401k minus the amount that you contribute minus the amount that your employer contributes. So that leaves her with$36 ,500 left. She fills it with those after-tax contributions and immediately converts each one of those contributions to the Roth.

37:08And she does this for 10 years. So this gives her an additional$365 ,000 inside of her Roth. And at an 8 % growth over more than 25 years, the money balloons to roughly$2.1 million of completely tax-free growth. This is the amazing thing. She contributed$365 ,000, but because she has so much time for this money to compound, it balloons to over$2.1 million. And this is on top of everything else that she is already currently saving. So without the mega backdoor Roth, those extra investment dollars would have gone into something like a taxable brokerage account, And they could have lost about 0.5 % per year to tax drag, plus capital gains on the sale, depending on where her income landed.

37:47And so the Roth wrapper alone shaves off six to eight years of her financial independence journey because she is not paying taxes on those dollars and she can utilize those dollars for her retirement. Because it has that tax-free growth, you can pull the money out tax-free. This means she is not paying taxes on millions of dollars. So you want to check your 401k plan. See if this is a feature. See if this is available, especially if you make a good amount of money. Even if you can't max it out, you can obviously put however much you can actually get in there is completely fine as well. If you want to fill up your Roth account with even more dollars, this could be a consideration.

38:19But again, have a conversation with your CPA. See if this works for your plan. See if this is something that you are trying to do or have a conversation with your advisor and they can walk you through step-by-step some of the implications of this and how this will work. Also, whenever you're doing conversions and whenever you're thinking about doing that kind of stuff, you want to make sure that you have someone in your corner because you don't want to end up with some big tax bill that you're not thinking about. So making sure you're talking to the professionals is really important. All right, we're going to take a break and we're going to come back for the Roth conversion ladder.

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43:16All right, so next is the Roth conversion ladder. Now, one big caveat to the Roth conversion ladder, just like some of these other strategies, is you want to make sure that if you are going to do a Roth conversion ladder or you're considering it, you either need to know what you're doing or you need to talk to someone who understands your tax situation because you could give yourself a massive tax bill if you're not thinking through this properly. And so you want to make sure you are doing this the right way. Now, what is a Roth conversion ladder? We've covered it a few times in this podcast, and one of my early episodes of this podcast actually talked through this exact strategy, but I want to kind of walk you through this again so you understand how these work and why these could be a cool way to shave off some working years.

43:51So the Roth conversion ladder is actually a multi-year strategy that lets you access your 401k and IRA money before the age of 59 and a half. So if you're planning on retiring early, this is a way to access those dollars early if you have the plan in place, but you're going to have to plan this at least five years ahead of time before you can even do this. So a lot of times, if you try to access your dollars in some of these retirement accounts before the age of 59 and a half, you're going to have to pay a 10 % penalty, but not if you do the Roth conversion ladder correctly, because you're going to convert chunks of money that are in your traditional IRA to your Roth in low income years.

44:27The key statement here is in low income years. Then what you're going to do is you're going to wait five years and withdraw the converted principal tax-free and penalty-free. Why does this work? Well, the money that you put into a Roth IRA, you can withdraw at any given time, completely tax-free and penalty-free, but there is a rule that states that you have to have the money in that account for five years before you can start to withdraw on those dollars. So how does this work? And let's talk through the mechanics really quick. So let's say you retire early at age 50 with most of your money in a traditional 401k or an IRA.

44:59And in year one, you convert say$50 ,000 from a traditional to a Roth and you pay ordinary income tax on that$50 ,000. But at a very low rate because you have no W-2 income. Let's say you retired early and you're living off your taxable brokerage account for the time being. This is why taxable brokerage accounts are important because they help you bridge some of these really cool strategies that you could utilize. Now the clock starts ticking and after five years that converted $50 ,000 can be withdrawn from the Roth IRA completely tax-free. Now you repeat this every single year. So then in year two, you do another$50 ,000.

45:31In year three, you do another$50 ,000. And this allows you to start to convert this$50 ,000 and turn it into income five years down the line each time. By year six, you have a steady stream of converted dollars coming out of the back end, tax-free and penalty-free because you started this process every single year. Now, this strategy makes early retirement actually possible for a lot of people. If you're thinking through, well, how am I going to retire early if I have all this money tied up into these retirement accounts, a Roth conversion ladder allows you to go through this process. But you got to make sure you understand where your taxable income is and what you were thinking about here.

46:07Let's say you want to retire at 50. Well, you'd have to wait nine more years. It's got a nine-year penalty box before you can start to access these funds without having to pay that 10 % penalty. And so if you use a Roth conversion ladder instead, you would need to save 30 % less just by doing this if you thought through this process correctly. And so there's cons to doing this wrong. And this is one of those things that I want most people to understand because if you don't know the cons or you don't know how to do this, then it could really hurt you. Okay. So the first one is converting too much in one year.

46:36You can blow yourself into a much higher tax bracket. The whole point of this is to convert the money during your lower tax years. If you convert$200 ,000 in one year and pay 24 % on it, then you've sabotaged the entire strategy. You've screwed up the strategy. So you need to keep conversions filling up in that 12 % bracket and stop there. That's the key for most people is thinking through how they keep it in that 12 % bracket. Or if you don't have a bridge. So if you don't have a way to bridge the next five years or so because you didn't fund a taxable brokerage account or you have no cash in an HSA with receipts or you just don't have a way to access capital early, this may not work as well for you if you don't have the cash on hand.

47:12Now, if you're going to take a five years off because you put money in a taxable brokerage account and that's going to bridge you until you can start to take these conversions, that's a great strategy. But if you don't have the ability to do that, you may have to find a different way to make an income. Or maybe you just do a part-time job during a certain period of time where you still keep your income low enough where this strategy would work. Now, another way people fail at this is they forget the five-year clock is per conversion, not per account. So each conversion starts a new five-year clock.

47:38This is why they call it the ladder, because every year you're doing another rung on the ladder to convert that money over. And if you convert money in a higher income year, let's say you do a consulting work or you sell a business or something else happens, then you don't really want to convert in that given year. You want to wait for a clean low income year. The last thing you want to do is pay higher taxes on this money or increase the amount that you're paying because your income went up. Instead, we want to make sure that we are thinking through this. And the last thing you want to consider is the pro rata rule.

48:05Make sure you look deeper into that because if you have a traditional IRA with both pre-tax and after-tax basis, the pro rata rule treats every dollar converted as a mix. And so we want to make sure that this is going to trip people up big time. And a lot of people fall to that pro rata rule. This is why you want to have a conversation with the folks in your corner, like your CPA and your advisor, so that you know when to do this and when not to do this. And probably every single year, if you are going to do this, you need to have somebody who you can bounce that question off of and say, hey, can I convert this year?

48:31Can I not convert? And how do I think through this strategy to make sure my income stays low enough so I don't fall into some of these other tax brackets? So making sure you understand that is really, really important. And I think we will do an entire episode on this diving deep into the 2026 numbers because we did it a couple of years ago when we were diving in, I think in 2024 or 23 was the last time we talked through this and the numbers have changed. The numbers have gone up, the income limits have changed and so we wanna make sure that we have an updated episode on that. So we will have that coming.

48:59So make sure you're subscribed to this podcast so you can check that out. Now, let's do a case study on this. I want you to meet Brian and I want you to meet Amy. So Brian and Amy retire at 50 with$1.5 million inside of a traditional 401k and$400 ,000 into a bridge brokerage account, okay? They can't touch the 401k money penalty-free until age 59 and a half. Now, that's a 9.5-year gap that would normally kill their early retirement plan. Some people who wouldn't know about the strategy wouldn't be able to retire early if they didn't know that this is how this works. So starting in year one, they convert$50 ,000 per year from a traditional to a Roth, and their taxable income is low.

49:36They just pay dividends in brokerage gains, so the conversion sits at that 12 % bracket, and they pay roughly$5 ,000 in federal tax on each conversion. Now, five years later, the first$50 ,000 is available to withdraw tax-free and penalty-free. And now the ladder is built. Now it gets started five years later where they can start to access these dollars and not have to just rely on that bridge account for all of their income. And so they live off the bridge for the first five years while the conversions cook. You let them cook inside of that account. You let them cook on those conversions. And then by year six, they have a steady stream of converted money that they can start to pull from as long as everything else within their financial situation was done correctly.

50:15So if you do this, you're saving off six to eight years, depending on when you retire. I mean, removing six to eight years from your working timeline is absolutely fantastic. It's a single strategy that makes early retirement structurally possible is one of those strategies that really helps people. Obviously, we have the rule of 55. We have other things that we can talk through that help us through this if you do retire at 50. But they are things that we want to make sure that we are considering. All right. The last one we're going to talk about today is ACA subsidy engineering. So the Affordable Care Act gives subsidies to lower income households who make health insurance affordable.

50:49So your income for ACA purposes is your modified adjusted gross income, or we're going to call that MAGI here, MAGI. And in early retirement, you control your MAGI by choosing where you pull your money from. So you can engineer a low MAGI on paper while having millions of dollars in assets. And as we know, healthcare is one of those areas that we have seen in the past where people do not plan this out properly, especially when they retire early. And this can be one of those things that can hold you back from being able to retire early if you don't think through healthcare. Because the road is long if you retire at age 50 until you can reach Medicare age at age 65.

51:28That is 15 years. Or if you retire at age 55, that is 10 years before you reach that Medicare age. That is a long time to have to figure out your health insurance. And so this is one of those strategies that helps you find a way to reduce the cost of health insurance. Because most people think through this and they don't realize, okay, well, my employer's been paying for my health insurance or subsidizing my health insurance for a long period of time. But once you become an individual, it can cost you anywhere from$1 ,500 to$2 ,500 every single month just for your health care. My family, because I own businesses and I don't have a health care plan, my family costs around$2 ,500 every single month for health care in the state of Florida.

52:08We are young. So imagine as you age and you have to get a health care plan, what is going to happen in your situation? So you got to make sure that you know what is going on and how you can think through health care. This is a very important part of retiring early that most people don't think about enough. Now, why is this important? Well, Medicare doesn't kick in until age 65. And so because of that, if you run the math on this over the course of 15 years, you'd be paying 300 ,000 to 450 ,000 dollars just for health insurance if you did not factor that in. So this can drop the bill from$25 ,000 a year to$3 ,000 to$5 ,000 a year.

52:41That's roughly$300 ,000 to$400 ,000 saved over that 15-year gap. Now, healthcare is the single biggest fear that keeps people from pulling the trigger in early retirement. I have seen people sit at a desk for 10 years longer because they just can't figure out this healthcare puzzle. So how do you engineer this? Or how do you think through this? And you got to see if this works for your situation by talking to the pros. Obviously, each person's individual situation is different. But I want to talk through how you can engineer this. So one is pull living expenses from your bridge or brokerage account.

53:10Only the gain portion counts as income, not the basis. So your current basis that you contributed does not count here. It's just the gain that counts as income. Now use your Roth contributions. Already tax doesn't count as income. Use your HSA reimbursements from old medical bills. This also doesn't count as income. And you can limit your Roth conversions to the amount that keeps you under the subsidy cliff. Now when you're thinking about long-term capital gains and you start to realize those, You've got to be very careful with those because those count towards your MAGI. So you want to make sure that you're thinking through those as well.

53:41Now, why does this shave off working years? Because this shaves off that$20 ,000 to$25 ,000 per year of phantom income that you could have in place that you would be paying towards health insurance if you're not thinking through this process. So this is one I think for most people, they can make a big difference if they plan this properly. This is why, even if you're in your 20s or 30s or 40s, this is why I want you thinking about this stuff. because once you start to have a plan in place, you have decades to build this out so that it works in your favor. Now, will the Affordable Care Act be in place over the course of 30 years?

54:11I don't know. Politics are gonna have to fall into play on that one, but this is one of those things that right now, this plan is something that you can figure out. Once you start to think through some of this stuff, it might get your mind churning on some future laws, some future things that come into play that could work for your specific situation. Now, what is the danger to this? Well, the subsidy structure has been changing on this and the enhanced subsidies passed during COVID expanded who qualifies for this, I think for a lot of folks, they're going to crack down even more on this. So this strategy may be a shorter term strategy that you can use, but we got to focus on the things that we can control.

54:42Now, let me give you a case study on this, because I think the case studies help you understand some of these concepts even more. So let's talk about Carlos and Maria. So Carlos and Maria retire at 52 with$2 million saved. Now, they have 13 years until Medicare unsubsidized family health insurance on the open market cost them$26 ,000 a year plus deductibles. Now over 13 years, that's$338 ,000 of healthcare costs eating into their nest egg. So Carlos and Maria are trying to figure out a solution to this so they can save$338 ,000 or at least reduce that overall cost. So they restructure their withdrawal plan.

55:16They live mostly off of their bridge account. Only the gain portion counts as income. And they keep their Roth conversions modest during this timeframe. And they target an MAGI of around$50 ,000. So this drops their healthcare bill. and they save about$21 ,800 per year times 13 years. So if you multiply that by 13 years, it's about$283 ,000 of healthcare costs that are avoided. Now that's money that they don't have to pull from their portfolio, which allows them to retire even earlier, five to seven years earlier because they have this extra cushion in place and it shaves off years of their FI timeline.

55:48So for most folks out there, if you interview retirees or folks who did not retire early, a lot of times healthcare is one of those big scares that they don't know what to do. And again, as you age, healthcare becomes a bigger and bigger need. And so you need to make sure that you have a plan in place when it comes to this. Listen, thank you so much for listening to this episode of the Personal Finance Podcast. I hope you got tremendous value out of this episode. Our goal is to bring you as much value as we possibly can and serve you when it comes to these episodes. So I cannot thank you guys enough for being here.

56:17If you want to dive deeper with me and my team and learn how to build wealth step by step, I invite you to join Master Money Academy. We will leave a seven-day free trial down below for podcasts. listeners, check out a coaching call. Check out some of our courses in there. And if it's not for you, no worries. You can cancel at any given time within that seven days and not pay a single dime. But go check it out. See behind the curtain. See if it's best for you, because we want you to learn how to build wealth and give you as much value as we possibly can. Again, thank you so much for being here and listening to the Personal Finance Podcast, and we will see you on the next episode.

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