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Money Guy Show

12 Mistakes to Avoid Making With Your IRA

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 8 May 2015

⏱️ 41 minutes

🧾️ Download transcript

Summary

Mistakes to Avoid with IRA
Individual Retirement Accounts (IRAs) are critical in securing financial independence in retirement. Because of this, Brian and Bo took the opportunity to discuss what mistakes they see clients make -- and how you can avoid them. Tune in to learn about 12 errors that lead to financial trouble, and go beyond common sense with the latest advice from The Money Guys.

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxes.

0:09.0

You've got financial questions, he's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:15.9

But we decided to get the bam back together just one last time before you decided to welcome

0:20.6

this daughter to plan it Earth.

0:23.0

Well, I think maybe we'll do two more.

0:25.9

Maybe we'll have two more before I go back.

0:28.7

We're still trying to figure it all out.

0:29.7

I think we might have two more episodes in us before I go back to digital quality.

0:36.7

All I know is every time we do these shows where you're not actually in the office with

0:40.4

me, you complain about how bad the audio is.

0:43.2

I think it's because it's that lead singer-itis.

0:45.7

I think that's what it is.

0:46.9

You don't like sounding a mechanical when you call in.

0:49.2

Yeah, I don't love it.

0:50.7

But we do what we can and this is a short term thing until Baby Girl arrives.

0:55.1

Well, guys, what we're going to be talking about today, just to kind of bring up to speed

0:58.6

is that IRAs are a big part of your financial independence and saving for retirement.

1:05.2

To a matter of fact, Morningstar had an article that came out in February that's kind of loosely

1:09.9

the inspiration for this topic.

1:11.6

I say loosely because I have Frankenstein this thing all up.

...

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