6 Money Strategies for Down Markets Depending on Your Goals - 379

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 24 May 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

As bear market territory freaked out some investors, YMYW listeners were a bit more chill as Joe and Big Al spitballed on their specific strategies to manage the decline: does it make sense to move to cash inside your retirement account? How do down markets impact Roth Conversion decisions for older investors? What should your asset allocation be now, during market volatility, if you’re expecting a future windfall? How should you manage the relationship with your financial advisor if they buy high and sell low in your investment portfolio? Should you leave a partially vested pension to grow, or withdraw the money now and convert to Roth? What’s the best way to withdraw from an IRA in a down market? Show notes, free financial resources, Ask Joe & Al On Air: https://bit.ly/ymyw-379

Transcript

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0:00.0	As bare market territory freaks out some investors, YMIW listeners are a bit more chill,
0:05.8	as Joan Big Al spickball on their specific strategies to manage the market decline.
0:10.2	Today on Your Money, Your Wealth podcast number 379.
0:13.6	Does it make sense to move to cash inside your retirement account?
0:16.8	How do down markets impact Roth conversion decisions for older investors?
0:21.6	What should your asset allocation be now during market volatility if you're expecting a future windfall?
0:27.4	How should you manage the relationship with your financial advisor if they buy high and sell low in your investment portfolio?
0:34.5	Should you leave a partially vested pension to grow or withdraw the money now and
0:38.6	convert to Roth? What's the best way to withdraw from an IRA in a down market? And in the
0:43.5	derails, can the fellows make it through this episode with a bloody nose and with COVID?
0:47.9	I'm producer Andy Last with the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Alclopine
0:53.4	CPA. Without your money questions, we don't have a podcast. So visit Your Money, Your Wealth, Joe Anderson, CFP, and Big Al, Global P,A.
0:56.7	Without your money questions, we don't have a podcast.
1:05.0	So visit Your Money, Your Wealth.com and click Ask Joe and Big Al on air to send them in as an email or a priority voice message.
1:14.5	Hey, Andy, Big Al, and Louie, Joe from Minnesota, Kevin from Denver via South Dakota, with a question regarding cash inside a deferred retirement account. I recently switched jobs and moved money from
1:21.2	the 401k to my traditional IRA. When I did that, everything landed in a money market settlement fund. I reallocated
1:30.3	most of the cash into similar stock investments in my 401k, but I stopped short of moving the remaining
1:36.9	cash to a bond fund. My desire is to retire in about four years, and my plan was to have a couple
1:44.0	years of cash to ride out,
1:46.7	you know, a market like we're experiencing today. I've got an emergency fund, but I don't see
1:52.4	that as being the same thing as holding cash inside a retirement account to ride out, you know,
1:59.2	these tough times. So my question is, when, if ever, does it make sense to move to cash inside a retirement
	...

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