Are These Two Funds the Only Ones You Need for Life? - 209

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

🗓️ 19 February 2019

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nationally recognized investing expert Paul Merriman makes the case that owning just two funds for life is a "home-run" investing strategy for some investors. Plus, Joe and Big Al answer your money questions: how should teachers, and others without Social Security or pension, save for retirement? How do you record flexible spending account contributions on your taxes? How long should you keep your tax records? And of course, this wouldn’t be YMYW without some talk about Roth IRAs - specifically, making Roth conversions and back door Roth contributions. Transcript & show notes: http://bit.ly/YMYW-209

Transcript

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0:00.0	Today on Your Money, Your Wealth, nationally recognized investing expert Paul Merriman makes the case that owning just two funds for life is a home run investing strategy for some investors.
0:11.6	Stick around and find out which two funds.
0:14.1	Plus, Joe and Big Al answer your money questions.
0:16.9	How should teachers and others without social security or pension save for retirement?
0:21.5	How do you record flexible spending account contributions on your taxes?
0:25.1	How long should you keep your tax records?
0:27.1	And of course, this wouldn't be YMIW without some talk of Roth IRAs.
0:31.9	Specifically, the fellas deliberate on making Roth conversions and backdoor Roth contributions.
0:37.4	I'm producer Andy Last, and here are
0:39.3	the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:45.8	Got my good friend Paul Merriman. He's a legend in our business. He's done more good for the
0:51.3	average investor than I can ever imagine anyone else do. So without further
0:57.5	ado, I want to welcome Paul back to the program. How you been, bud? So I've been great. And by the way,
1:03.0	thank you. I mean, my life is about trying to help people who don't know what the heck to do about
1:08.1	their investments. And you guys perform an amazing service for people.
1:14.4	I'm out trying to help high school kids and college kids.
1:17.7	So I kind of go above and beyond where you guys go,
1:21.1	unless maybe you're out doing the same thing,
1:23.0	and I just didn't know about it.
1:24.7	You know, I've tried to do that, Paul, once.
1:27.4	That's a tough gig. That's a tough
1:28.9	job. I get more nervous talking to a bunch of high school kids than I do a room full of
	...

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