Ask Paula: Is Your DIY Investing Strategy Holding You Back?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 28 August 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

#535: The Cost of Sticking with DIY Investing Melissa and her partner are preparing for the best earning years of their lives. Could they benefit from automated tax-loss harvesting and transition from DIY investing to a robo-advisor? An anonymous caller just learned something surprising about their Roth 401k and feels squeamish about making future contributions to this account. What’s Paula and Joe’s advice? Hampton is following up on a question from Episode 524 to spark an intriguing discussion on the generational tax advantages of a Roth IRA. Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode535 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, when you were a financial advisor, I suppose that meant that none of your clients worked with
0:03.7	roboboe advisors.
0:05.2	You know, there was, that is far more of an old guy question than you, there was no such thing as a
0:09.3	roboeizer back when I was.
0:11.5	Easy, Paula.
0:13.0	Oh sorry, so look at me assuming that you were a financial advisor in the in the era of the internet.
0:20.0	Modern era.
0:21.0	Yeah.
0:22.0	In the modern in modern day in the brat era there was no such thing and
0:26.3	ETS weren't a big deal either than either I spent a good amount of my time by the way
0:30.4	making sure that the mutual fund managers that I was recommending were actually
0:34.0	good ones. The idea of indexing was not a thing. And stocks were sold in one-eighth increments rather than with sense.
0:43.0	That is true too.
0:44.2	Now we can shut up about that.
0:45.6	What's the deal?
0:47.8	Well, we're gonna answer a question today
0:49.9	from a caller who's wondering
0:51.6	whether or not she should work with a roboo advisor.
0:54.8	We're also going to talk to someone who has some questions about rolling over a Roth 401k into a Roth IRA
1:02.0	and then keeping with the Roth theme we're going to talk about
1:05.6	What to do with an inheritance if that inheritance comes from a Roth account versus a
1:11.4	pre-tax IRA welcome to the Afford Anything Podcast, the show that
	...

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