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InvestTalk

08-21-18: 4 Things to Know About Backdoor Roth IRA Conversions

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Entrepreneurship, Business News, News, Investing, News Commentary, Business

4.41.5K Ratings

🗓️ 21 August 2018

⏱️ 46 minutes

🧾️ Download transcript

Summary

Congress has allowed people with high incomes a way to fund a Roth IRA.

Today's Stocks & Topics: Investing for Kids, Hidden Costs On Home Ownership, SNP 500, the U.S. Debt, YY - YY Inc. ADR, MU - Micron Technology Inc., Returns, AWX - Avalon Holdings Corp., SYK - Stryker Corp., ADNT - Adient PLC.

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Transcript

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0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.4

KPP Financial, Independent thinking, shared success.

0:15.0

And now today's podcast.

0:17.0

Good afternoon everybody and welcome to the Tuesday edition of Invest Talk. It is August 21st.

0:28.0

I'm Steve Peasley and I realize that many of you are regular InvestOff listeners. I know that and I want to thank you for that.

0:34.7

And I hope you are telling your friends and family members about the show, Invest Talk, the radio program.

0:40.0

And Invest Talk the website and Invest Talk.com as well. There is good deal. There's a lot of information

0:46.7

A lot of financial and investing know how published there and you can get it 24 hours a day, seven days a week.

0:54.0

And speaking of Universal Access, you can also listen to the archive radio shows on our podcast page.

1:02.0

Or you can download them and listen in the car, the beach or why you're working out wherever you want to, any place.

1:07.0

It's really convenient that way.

1:10.0

Saving money means you have more for investing in your future.

1:15.0

It's one of the things that you'll see these kinds of things on our website.

1:19.0

And here's an example of just how we can help you save money. At some point everybody needs to borrow money, right?

1:26.0

Maybe for a new car, education, mortgage loan is pretty typical.

1:34.0

So how do you avoid predatory lending practices?

1:38.0

How do you know if they're...

1:40.0

It's pretty difficult.

1:41.0

But I'm going to give you five key attributes of a lender

1:47.2

that doesn't rip off people.

1:49.2

And I'm going to have that coming up here next.

1:50.9

Five things you could look for. And if they don't have these then you

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