Should Nancy in Washington take out a 401k loan and invested in her brokerage account to catch up on saving for her retirement?

When Joe and Bigel talk about having a balanced portfolio of various asset classes like stocks and bonds,

Brian in Naperville, Illinois, wonders whether that asset allocation strategy takes into account the stabilizing effect of monthly social security payments. That's today on

Your Money, Your Wealth podcast number 517. Plus, Joy and her brother are each inheriting $400,000.

How should they each invest it for their very different financial situations? Mike in Colorado has

a good guaranteed income stream, so what should he do with the money he's drawing from his taxable IRA every year?

Converted to Roth, put it in a brokerage account, go on a cruise?

And finally, Skipper asks the fellas to spitball on whether he should do Roth conversions or take advantage of 0% capital gains tax rates.

I'm executive producer Andy Last Last and here are the hosts of

your money, your wealth, Joe Anderson, CFP, and Big Al Clopine CPA. All right, we've got

Nancy from Washington. Hello, John Big Al. Six years. I'm a six year old who was a single mother

and got a late start of my retirement savings.

My 401K has about $750,000 in a brokerage account of $90,000.

I continue to max out the allowable pre-tax contributions to my 401K, including the catch-up,

and my employer matches 6%.

I plan to retire at 65, sooner or possible.

I'm approaching a point where I'm concerned about

RMDs, but I have not converted to a Roth because I'm in the 32% tax bracket. So here's my

question. Does it make sense to pull a 401k loan, which will pay myself back at 9% interest and put those funds in my brokerage account

where I can increase wealth outside of my 401k.

I watch the show every Sunday morning as part of my routine.

I appreciate the information and share.

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