Are We On Track for Retirement? Financial Plan Spitball Analysis - 334

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

🗓️ 13 July 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Spitballing retirement readiness for Sean and for Little Al who has UK retirement funds and is desperate to quit work now. Plus, how can Doug do some tax arbitrage with pensions, Roth conversions, and Social Security? Can Mary switch to her ex-spouse’s Social Security benefit? First, Tyler has questions about restricted stock units (RSUs) and net unrealized appreciation (NUA). Access the transcript and free financial resources, and Ask Joe & Big Al On Air in the podcast show notes: https://bit.ly/YMYW-334

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 334, Joe and Big Al spitball about retirement readiness for Sean in Texas and Little Al in Chantilly, Virginia, who has a UK retirement account and is desperate to quit now.
0:14.4	Plus, how can Doug in St. Charles, Missouri, do some tax arbitrage with pensions, Roth conversions, and Social Security?
0:20.6	And can Mary switch to
0:22.0	her ex-spouse's social security benefit. But first, we mentioned that if you go to Your Money,
0:27.4	your wealth.com, click Ask Joe and Al on air and leave your question as a voice message, it would
0:33.4	get first priority. I'm producer Andy Last with the hosts of Your Money, Your Wealth,
0:37.9	Joe Anderson CFP, and Big Al-Cloquine CPA. And today, our first priority is Tyler,
0:43.5	with questions about restricted stock units and net unrealized appreciation.
0:48.0	Hi, guys. This is Tyler from Ohio. I am new to the show, only three episodes in. Since I heard audio messages would get
0:56.7	priority, I thought I'd call and see if you would be so kind as to answer two questions for me.
1:03.3	First, I just received $25,000 in restricted stock units that best in 23.
1:11.6	This is the first for me, so hearing about them in your episode 331 piqued my interest.
1:18.6	Is it possible to move RSUs into a donor-advised fund for charity and not pay taxes as ordinary income. Second, you briefly mentioned
1:31.3	net unrealized appreciation in episode 332. My company has contributed to my retirement plan in company stock.
1:41.3	My plan was once I hit 50, which I have several more years before that happens,
1:47.0	I was going to start selling that off to diversify my 401k, since having half of my retirement
1:54.0	savings in one company isn't a great thing. Should I rethink that strategy because of the net unrealized appreciation potential?
2:03.8	Would love your thoughts. By the way, I have a 2014 Toyota Sienna and a three-year-old
2:11.6	cockapoo. Thanks, guys. Wow. You didn't have to read it. How about that? I mean, we should hire her. Wow. You didn't have to read it.
2:18.6	How about that?
2:20.1	I mean, we should hire her.
2:21.9	You should read them all.
	...

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