Are Roth Conversions Really As Good as They Sound? - 440

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

🗓️ 1 August 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Christine isn’t sure that Roth conversions are all they’re cracked up to be. Erick needs a retirement spitball analysis for his Roth conversions, annuities, and the real estate in his self-directed IRA, Billy the disgruntled attorney wants to know if he can retire now, and Zach wonders just how bad is it to rely on the lottery for retirement? But first, Joe and Big Al spitball military retirement strategies.

Timestamps:

01:16 - I'm 22, Military. Should I Be Spending More Instead of Saving So Much? (Cole - voice)
06:19 - I'm 27. How Should I Max Out Military and Second Job Retirement Contributions? (Adam)
09:08 - Retiring With Pensions at Ages 59 & 63. Is Our Retirement Plan Sound? (Scott, AL)
16:55 - I’m Not Sure Roth Conversions Are as Good as They Sound! (Christine, Seattle)
26:44 - Roth Conversion, Annuities, Real Estate in Self-Directed IRA Strategy? (Erick, CA)
37:23 - Can a Disgruntled Attorney Quit and Retire Now? (Billy, Joplin, MO)
39:53 - Just How Bad an Idea Is Relying on the Lottery for Retirement? (Zach, Tuscaloosa, AL)
47:18 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-440:

6th Annual YMYW Podcast Survey - one randomly-chosen participant will win a $100 Amazon e-gift card!
Financial benefits for military families
2023 Key Financial Data Guide
Episode Transcript
Ask Joe & Big Al On Air

Transcript

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0:00.0	Your chance at a $100 Amazon gift card is waiting for you on the podcast show notes at Your Money,
0:05.6	yourwealth.com.
0:06.9	Answer 17 questions in the sixth annual YMIW podcast survey, and you're entered to win.
0:12.9	Click the link in the description of today's episode in your favorite podcast app to go to the show notes
0:17.0	and access the survey and the secret password.
0:20.4	Legitimate, complete entries with
0:22.4	honest opinions about what would make your money, your wealth, your favorite, funniest, top,
0:27.6	best personal finance podcast will be in the running for the hundred bucks. U.S. residents only,
0:32.6	no purchase necessary, survey and giveaway clothes and winner chosen at 4 p.m. Pacific time on August 31st,
0:39.2	2023. Today on Your Money, Your Wealth podcast number 440, Christine isn't sure that Roth
0:46.3	conversions are all they're cracked up to be. Eric needs a retirement spitball analysis for his
0:50.9	Roth conversions, annuities, and the real estate in his self-directed
0:54.4	IRA, Billy the disgruntled attorney wants to know if he can
0:57.8	retire now, and Zach wonders just how bad is it to rely on the
1:01.8	lottery for retirement. But first,
1:04.2	Joe and Big Al spitball retirement strategies for three
1:06.8	military families. I'm producer Andy Last, and here are the
1:10.1	hosts of your money,
1:11.2	your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
1:15.8	Now go to Your MoneyWalth.com, click on that special, not special offer. What are we doing?
1:21.2	Click on Ask Joe Big Al on air. Yeah, thank you. I think Cole did that, didn't he?
1:25.6	That's what he did.
	...

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