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InvestTalk

1-31-2023 – What You Need to Know About Roth IRAs

InvestTalk

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

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

4.41.5K Ratings

🗓️ 1 February 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

You should understand Roth IRA contribution and income limits, the ins and outs of the backdoor IRA maneuver, and more.


Today's Stocks & Topics: Tax Rates and Tech-Stocks, Global Debt, CVCO - Cavco Industries Inc., Passive Investing, OLN - Olin Corp., IEX - IDEX Corp., 401k, LUMN - Lumen Technologies Inc., Fed Meeting, EGY - Vaalco Energy Inc., CVNA - Carvana Co. Cl A, CTVA - Corteva Inc.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

At a time, when investors are confronted with market volatility and a variety of challenges

0:11.4

fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures,

0:18.8

just in decline and Steve Peasley, stand ready to take your finance and investment questions

0:23.8

and share their unbiased answers.

0:27.1

This is Invest Talk, independent thinking, shared success.

0:32.3

Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving

0:37.6

clients throughout the United States.

0:41.0

The clarity for your path forward starts now.

0:45.4

Here is KPP Financial President, Financial Advisor, Steve Peasley.

0:51.2

Good afternoon everybody and welcome to Invest Talk.

0:54.7

It is Tuesday, January 31st, 2023, and we have just completed the first trading month

1:01.2

of this year, 2023, and I know that investors that have been around the market a long time

1:07.2

know that the dynamics have changed and will continue to change, but we go from bear markets

1:15.2

to bull markets, bear bull markets last many years, bear markets last one to three years.

1:22.8

So this is the second year, but January has been up month.

1:27.0

So far, I mean, I think there's some piece up like 4-5% for the month, 5% for the month

1:34.0

of January and the NASDAQ has even doubled that and Dow is up 3-4% and it's a little smaller.

1:42.8

So this has been a very good January, they will move into February.

1:46.7

The Federal Reserve is meeting right now, so we'll know more about interest.

1:51.0

There's lots of variables, right?

1:52.9

These variables cause all kinds of changes.

1:55.5

So we know that our economy is slow and that's going to affect earnings and I don't know

...

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