Sinopsis

Personal finance show bringing listeners actionable advice to retire successfully. Learn how to create your retirement road map as hosts Joe Anderson, CFP® and Big Al Clopine, CPA break down key strategies including how to design your investment portfolio, the right way to claim Social Security, generating a retirement income distribution plan, how to avoid thousands in unnecessary taxes and more.

Episodios

  • CARES Act: Distributions, RMDs  Dependents - 274

    CARES Act: Distributions, RMDs & Dependents - 274

    19/05/2020 Duración: 45min

    Financial planning strategies around Coronavirus-Related Distributions from retirement accounts and required minimum distributions (RMDs). Plus, listener corrections on dependents and the CARES Act stimulus package. Also, two very different market volatility strategies: living off of cash and Social Security only, and leveraging a home equity line of credit (HELOC) to invest. Sign up for the LIVE YMYW webinar on May 27, send in money questions, access the transcript and free financial resources: https://bit.ly/YMYW-274

  • Real Estate, Roth Conversions  Annuities - 273

    Real Estate, Roth Conversions & Annuities - 273

    12/05/2020 Duración: 43min

    A mixed bag of questions on everything from spousal solo 401(k) contributions and inherited IRAs to house-buying strategies, to the fan-favorite, ripping on annuities, with a healthy dose of Roth conversion planning thrown in the middle. Sign up for the LIVE YMYW webinar on May 13, send in money questions, read the episode transcript and access free financial resources: https://bit.ly/YMYW-273

  • Asset Location: Where Should You Hold Retirement Investments? - 272

    Asset Location: Where Should You Hold Retirement Investments? - 272

    05/05/2020 Duración: 41min

    What types of investments you keep in your taxable, tax-deferred and tax-free accounts can play a big part in how much tax you pay over time. In this episode, Joe and Big Al break down asset location and answer some of your tax planning questions. As always, the fellas also talk strategy when it comes to Roth IRA contributions and Roth conversions. Sign up for the LIVE YMYW webinar on May 13, send in money questions, read the episode transcript and access free financial resources: https://bit.ly/YMYW-272

  • 4 Financial Strategies from the Stimulus Package - 271

    4 Financial Strategies from the Stimulus Package - 271

    28/04/2020 Duración: 48min

    In this jam-packed episode of the Your Money, Your Wealth® podcast, stimulus payments for self-employed, dependents, and those who message us on Facebook, plus, the paycheck protection program, round two of which started since this episode was recorded, coronavirus-related distributions, Roth and Backdoor Roth conversions, tax-loss harvesting, and the solo 401(k). Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-271

  • In Market Volatility, Beware of Annuity Pitches - 270

    In Market Volatility, Beware of Annuity Pitches - 270

    21/04/2020 Duración: 46min

    In these volatile markets, pitches for fixed indexed annuities will be on the upswing. Here's how to analyze them for yourself. Plus, CARES Act stimulus payments for kids, retirement account distributions, and rethinking your retirement savings strategy. Also, SECURE Act stretch IRA rules, evaluating long term care insurance options, and why thrift savings plan (TSP) to Roth conversions are so complicated. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-270

  • Revisiting Roth IRA Conversion Strategies - 269

    Revisiting Roth IRA Conversion Strategies - 269

    14/04/2020 Duración: 45min

    Roth IRA conversion pro-rata rule considerations with RMDs on an inherited IRA, tax bracket planning to account for the loss of a spouse, and the state income tax impact on Roth conversions. Plus, earnings on a reversed excess IRA contribution, how dollar-cost averaging affects capital gains tax first in, first out (FIFO) rules, zero-coupon bonds, whether to use the brokerage option in your 401(k) and more. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-269

  • CARES Act: Whats in the Coronavirus Stimulus Package - 268

    CARES Act: What's in the Coronavirus Stimulus Package - 268

    07/04/2020 Duración: 46min

    Recovery rebates, new rules for retirement account distributions, stimulus checks for those on Social Security & unemployment benefits. Plus, should a listener invest his forbearance, buy foreclosures, and capitalize on the financial crisis? We also get into the cash-on-cash math for rental real estate and potential property tax deduction changes for Californians under a revised Prop 13. Send in money questions, read the transcript & access free financial resources in the show notes: http://bit.ly/YMYW-268

  • Analyzing 5 Investing Strategies for Volatile Markets - 267

    Analyzing 5 Investing Strategies for Volatile Markets - 267

    31/03/2020 Duración: 43min

    In these volatile financial markets, are you reconsidering your investing strategies? Joe and Big Al discuss cash, selling stocks in taxable accounts and repurchasing them in tax-deferred accounts, doing nothing and staying globally diversified, writing an investment policy statement, doing Roth conversions, and fixed indexed annuities (AKA equity-indexed annuities). Also: international and emerging market stocks, the Coronavirus stimulus package, inflation and much more. Send in money questions, read the transcript & access free financial resources in the show notes: http://bit.ly/YMYW-267

  • Tax Brackets Explained: How Much Are You Really Paying in Taxes? - 266

    Tax Brackets Explained: How Much Are You Really Paying in Taxes? - 266

    24/03/2020 Duración: 53min

    If you’re in the 22% tax bracket, does 22% of what you make go to the IRS? How does capital gains tax work with ordinary income tax? Joe & Big Al explain how tax brackets work and answer your Roth contribution and Roth conversion questions: like what's the point of a Roth conversion if you're just leaving the money to your kids? Plus some Mega Backdoor Roth talk and spousal contributions. Send in money questions, read the transcript & access free financial resources in the show notes: http://bit.ly/YMYW-265

  • Bear Market Investing Strategies and Revisiting the 5-Year Roth IRA Withdrawal Rules - 265

    Bear Market Investing Strategies and Revisiting the 5-Year Roth IRA Withdrawal Rules - 265

    17/03/2020 Duración: 50min

    Tax loss harvesting, Roth conversions and more: Joe and Big Al explain how bear markets like the one we're in now are the time to utilize these investing strategies in your retirement portfolio. And the fellas go over those Roth IRA 5-year withdrawal rules again. They’ll cover some Roth withdrawal mistakes and Roth rollover consequences, and they have a mea culpa for one of their peers. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-265

  • How Much of Your Net Worth Should Be in Cash? - 264

    How Much of Your Net Worth Should Be in Cash? - 264

    10/03/2020 Duración: 48min

    How much of your money should you keep in cash? Should you buy VBK, the Vanguard Small-Cap Growth ETF? Plus, asset allocation and asset location, the pros and cons of the Roth 401(k), Medicare, spousal and survivor Social Security benefits, tax-saving charitable giving, small business strategies, who qualifies to be called Joe Anderson’s “peer,” and whether you’d rather hang out with a James or a Jimbo. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-264

  • 7 Roth Conversion Strategies - 263

    7 Roth Conversion Strategies - 263

    03/03/2020 Duración: 34min

    When to do a Roth IRA conversion, the pro-rata and aggregation rules, spousal conversions, Roth contributions and more. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-263

  • Whats the Right Retirement Asset Allocation for You? - 262

    What's the Right Retirement Asset Allocation for You? - 262

    25/02/2020 Duración: 46min

    With volatility, should you time the market and change the asset allocation of your investment portfolio, your pension, or your Thrift Savings Plan (TSP)? Plus, asset location: should equities be in a brokerage account, Roth IRA or traditional IRA? And diversification vs. concentration, calculating how much you’ll have in retirement, how to get there from here, and Joe’s favorite, negative listener feedback. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-262

  • Real Estate Investing: How to Find Bread  Butter Rental Properties - 261

    Real Estate Investing: How to Find Bread & Butter Rental Properties - 261

    18/02/2020 Duración: 48min

    How do you run the numbers to find a good, profitable rental property? Should you pay off the mortgage, buy more real estate, or save for retirement? Should you buy a home all cash? Can a property be considered a rental for tax purposes? Should you refinance your home to pay student loans? What can you do with unused education savings? And what do we have against 72(t) SEPP for early retirement withdrawals? Ask money questions, read the transcript and access free financial resources: http://bit.ly/YMYW-261

  • When is the Tax Deadline for a Roth Conversion? - 260

    When is the Tax Deadline for a Roth Conversion? - 260

    11/02/2020 Duración: 41min

    As Tax Day approaches, you've got taxes on your mind. When do you have to pay the tax on your Roth IRA conversion? Is converting beyond the current tax bracket ever recommended? Plus, answers to more of your SECURE Act retirement questions on IRA contributions and inherited IRAs and other assets, and Roth conversion and Backdoor Roth strategies for self-employed small business owners with Solo 401(k)s and SIMPLE-IRAs. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-260

  • Collect Social Security at Age 70 is Common Advice. Why? - 259

    "Collect Social Security at Age 70" is Common Advice. Why? - 259

    04/02/2020 Duración: 42min

    We address a challenge to the advice to wait until age 70 to take Social Security and we tackle your questions on making the most of your benefits, what happened to annual projections for those on restricted applications, using a revocable trust to protect assets from Medicaid, converting from 403(b) to Roth IRA, rolling Roth 401(k) to Roth IRA, and whether to contribute to a Roth 401(k) or Traditional 401(k). Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-259

  • International Funds, Safe Investments, 1031 Exchange: Email Round-Up - 258

    International Funds, Safe Investments, 1031 Exchange: Email Round-Up - 258

    28/01/2020 Duración: 46min

    How to choose international funds in a diversified portfolio, a momentum investing strategy called The 12% Solution, and safe retirement investments like CDs and bonds. Plus Joe and Big Al touch on real estate investing with 1031 exchanges and qualified opportunity zones, and they answer your questions on the SECURE Act, IRA contributions, and calculating Social Security in this wide-ranging email round-up. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-258

  • Why Not Just Go All in On VTSAX, Vanguard’s Total Stock Market Index Fund? - 257

    Why Not Just Go All in On VTSAX, Vanguard’s Total Stock Market Index Fund? - 257

    21/01/2020 Duración: 49min

    The Vanguard Total Stock Market Index Fund (VTSAX) comes very highly recommended by JL Collins in his book, The Simple Path to Wealth. So why not put all your money into it? Plus, Joe & Big Al answer your questions on the 4% rule for retirement withdrawals, what to do before and after age 59 and a half, whether to invest in the Roth or traditional thrift savings plan (TSP), and of course, Roth IRA conversions. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-257

  • Your SECURE Act Retirement Questions Answered - 256

    Your SECURE Act Retirement Questions Answered - 256

    14/01/2020 Duración: 35min

    Joe and Big Al tackle your SECURE Act retirement planning questions: how minors can distribute inherited IRAs, whether a trust should be your IRA beneficiary, and what effect the new law has on required minimum distributions, or RMDs, and qualified charitable distributions, or QCDs. Plus, the fellas get schooled by YMYW listeners on their Thrift Savings Plan miss in episode 254. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-256

  • Breaking Down the Confusing 5-Year Roth Clock Rules - 255

    Breaking Down the Confusing 5-Year Roth Clock Rules - 255

    07/01/2020 Duración: 55min

    Joe & Big Al explain, once and for all, the 5-year clocks for Roth conversions and Roth contributions and pro-rata rules. (Well, hopefully it’ll all make more sense to you by the time they get through it. If not, let us know.) We’ll also find out what the fellas think about holding cash until the inevitable economic downturn, lump-sum investing versus dollar-cost averaging, and the Total World Stock Index Fund. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-255

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