12-24-2020 - Best Callers Questions - Christmas Eve

InvestTalk

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

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

4.3 • 1.5K Ratings

🗓️ 24 December 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this compilation program, Steve Peasley and Justin Klein field a variety of finance and investment questions from callers across the United States and around the world.

Today's Stocks & Topics: Retirement, IRAs, Annuities, Bonds, Insurance, Stock Evaluation, 401k Plan, Financial Analysis, Cannabis Industry, FCC Filings, Time to Trim Your Portfolio, Buying More of the Same Stock, Debt, The Dollar, College Savings, 12 Month Cycle, Equity Index Annuities, Roth IRA.

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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	You're listening to an encore presentation of Invest Talk.
0:24.0	Please call with your questions and comments though, 88899 chart 88899,
0:30.0	CHART and Steve will answer them on the next Invest Talk.
0:34.0	Welcome to Invest Talk.
0:36.0	Above averages resting for the average investor.
0:39.0	We try to bring you useful information and answer any questions you might have as long as
0:44.0	their financial. 888-99 charters our number 888 92478. Let's go to
0:50.5	Sid in Fremont. How you doing Sid? I worked for a big bank about a decade ago and had a 401k going with them.
0:59.3	So this is about 10 years back and in the last month after receiving quarterly statements
1:06.0	etc from him they pretty much blew out my account and sent me a check for it all
1:10.8	I don't like that you know why I don't like that said. I don't like that. You know why I don't like that said?
1:14.0	Well I don't like it either, but what's your reason?
1:17.0	Because it's a distribution of a retirement account to how old are you?
1:20.0	41. See? You're going to get taxed and penalty if you don't immediately put that into an IRA.
1:26.2	It's a 401k.
1:27.2	Everybody listen up.
1:28.2	A 401k is a retirement account.
1:30.2	Money is put in there that is pre-taxed when you leave an employer my thing is I always tell people
1:36.2	don't leave it there because you'll forget about it if it's not very big or you'll just let it
	...

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