Annuity? CD? Money Market? Where to Invest for Safety - 425
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 792 Ratings
🗓️ 18 April 2023
⏱️ 38 minutes
🧾️ Download transcript
Summary
How do you protect your nest egg when you're really risk-averse and want safe, low-risk investments - should you invest in annuities, CDs? When choosing a money market fund, should you just invest in the one with the highest post-tax return? How do you go about replenishing cash, or rebalancing your portfolio, when the stock market is up? Plus, the widow's penalty in relation to Roth conversions, and switching from survivor Social Security benefits to your own. Also - withdrawing from your portfolio before RMD age? One listener says nobody should ever need to do it!
Timestamps:
- 00:51 - How to Safely Invest and Protect $400K When You're Risk Averse (Tyler, OH - voice)
- 07:31 - Rebalancing: How to "Replenish Cash" When Stocks Are Up? (Elisa, Fremont, CA)
- 13:27 - Money Market Funds: Don't I Want the Highest Post-Tax Return? (Michael, CO)
- 18:42 - The Widow's Penalty and Roth IRA Conversions (KBH, San Antonio)
- 27:46 - Can I Switch from Survivor Social Security Benefits to My Own at Age 70? (Sara, Tucson, AZ)
- 30:43 - COMMENT: Come On People, You've Had a Lifetime to Set Up Your Retirement (April, Tinley Park, IL)
- 36:46 - The Derails
Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-425
- Withdrawal Trap Doors - YMYW TV episode and free companion guide
- Register for the Q1 2023 Market Update / Q2 2023 Financial Market Outlook Webinar, April 26, 12pm PT / 3pm ET with Pure Financial Advisors' EVP and Chief Investment Officer, Brian Perry, CFP®, CFA.
- Episode Transcript
- Ask Joe & Big Al On Air
Transcript
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| 0:00.0 | How do you protect your nest egg when you're really risk averse? Should you invest in annuities, |
| 0:05.1 | CDs? When choosing a money market fund, should you just invest in the one with the highest post-tax return? |
| 0:11.0 | How do you go about replenishing cash or rebalancing your portfolio when the stock market is up? |
| 0:16.6 | Safe, low-risk investments. That's today on Your Money, Your Wealth podcast number 425. |
| 0:22.2 | Plus, Joe and Big Al discuss the widow's penalty in relation to Roth conversions, |
| 0:26.5 | switching from survivor social security benefits to your own, |
| 0:29.8 | and withdrawing from your portfolio before RMD age, |
| 0:33.1 | one listener says nobody should ever need to do it. |
| 0:36.4 | Visit Your Money, YourWealth.com, and click Ask Joe and Al on air to send in your money questions and comments as an email or a voice message. |
| 0:44.3 | I'm producer Andy Last and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA. |
| 0:51.9 | What do we got? |
| 0:52.7 | We got a voicemail. |
| 0:53.9 | Hi, Joe Allen andy. |
| 0:55.3 | This is Tyler from Ohio. |
| 0:57.2 | It's been a couple years since I've called in, but I have a new situation that I was hoping to get your thoughts on. |
| 1:03.0 | This involves my parents, who I would say are highly risk-averse people. |
| 1:08.3 | In 2009, they took all of their retirement accounts out of the market, |
| 1:13.4 | despite significant penalty and loss, and turned to real estate, which my father's been doing |
| 1:18.8 | all his life. They are now in their late 70s and have just sold the last rental property |
| 1:26.1 | that they have because it's time for them to get out. |
| 1:29.0 | It's just too much for them to handle anymore. |
| 1:31.3 | So they are sitting on about $400,000, which I would consider cash because it is in a bank |
... |
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