#482 How Much Money You Should Have In Your Retirement Account (By Age)

In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen provide a guide to securing a sound retirement plan. They engage in a highly informative conversation, offering step-by-step strategies to help you reach your financial goals.Here's what you can look forward to:An analysis of how much you should be saving based on your current age, with a clear goal of attaining a $2 million retirement fund.Insightful advice on how to effectively manage your savings and investments, with a clear explanation of the 4% rule and the 6% rule.Practical suggestions on the ideal structures for your savings, emphasizing the benefits of Individual Retirement Accounts (IRAs) and Roth accounts.An introduction to the concept of 'self-directing', where you get to invest in what you know best, unlocking greater returns.A clear exposition of the 'Rule of 72', an equation that tells you how long it takes for your money to double.A discussion on the importance of starting early when it comes to saving and investing, emphasizing the power of compounding interest.This episode is a must-listen for anyone seeking to secure a robust retirement plan. It offers a wealth of knowledge on everything from saving strategies, investment structures, and understanding rates of return. Tune in and take a step closer to achieving a retirement you can truly look forward to. Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

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Get ready to learn from two of the top tax attorneys, investors, and entrepreneurs in the business!  TAX AND LEGAL 360Secure your tickets to my most significant tax & legal event of the year! The Ultimate Tax and Legal Conference Phoenix, AZ - Nov 30 thru Dec 2CPAs, Attorneys, Business Owners, AND Entrepreneurs! You don't want to miss this event! CLICK HERE TO GET YOUR TICKETS! Whether you're a seasoned business owner or just starting out, Mark and Mat make it easy to understand even the most complex topics like LLCs, corporations, estate planning, raising capital, and retirement planning. Plus, with their engaging and entertaining style, you'll never be bored! Their ultimate goal is to help listeners achieve the American Dream, and you can start by signing up for their Free Weekly E-Newsletter and visiting https://markjkohler.com/. Don't miss out on the opportunity to learn from these two industry leaders and take your business to the next level!