Asset Location & Roth Conversion Retirement Spitball | YMYW Extra - 1

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

🗓️ 31 May 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sunshine in Orange County has been waiting patiently since January for a full Retirement Spitball Analysis: how are her assumptions for rates of return and inflation, her plans for Roth conversions, her asset allocation and asset location, her tax planning, her retirement income and retirement spending plans, and so much more? What missed opportunities is she overlooking?

So many excellent Retirement Spitball requests have come in that Your Money, Your Wealth® hosts, Joe Anderson CFP®, and Big Al Clopine CPA can't handle them all.

On these bonus episodes, called YMYW Extra, producer Andi Last enlists the help of the experienced professionals on Joe and Big Al's team at Pure Financial Advisors. In today's YMYW Extra number 1, thanks to David Cook, CFP® from Pure Financial's San Diego headquarters, Sunshine finally gets her Retirement Spitball Analysis. Free financial resources and transcript: https://bit.ly/ymywe-1

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Timestamps:

00:00 - Intro

02:35 - Rate Assumptions

05:58 - Retirement Spending

06:54 - Retirement Income Strategy

12:08 - Retirement Planning: Asset Allocation vs. Asset Location

15:50 - Sequence of Returns Risk

17:53 - Social Security Tax Torpedo

20:01 - Goals & Questions

22:50 - Other Strategies: Qualified Charitable Distributions

24:23 - IRMAA & Tax Optimization

26:37 - Likelihood of Success & DIY Tools

Transcript

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0:00.0	Sunshine in Orange County has been waiting patiently since January for a full retirement spitball analysis.
0:06.2	And today on this bonus episode of Your Money, Your Wealth, what I'm calling YMIW Extra, Sunshine is finally going to get a spitball.
0:13.3	I'm producer Andy Last, and you, the YMYW listeners, have sent us so many excellent retirement spitball requests that your money,
0:21.2	your wealth hosts Joe Anderson CFP and Big Al Clopine CPA can't even handle them all.
0:27.1	So I've enlisted the help of senior financial advisor David Cook, CFP, from Pure Financial
0:32.1	Advisors, San Diego headquarters to help out. And even though Joe and Big Al aren't the ones
0:36.8	doing the spitballing here,
0:38.1	it's important to note that this is still just a spitball for educational purposes only. Even though
0:43.3	you've given us a lot of details, we don't know everything about your financial situation,
0:47.5	so don't take this to the bank. Dave, thank you so much for pitching in. I really appreciate it.
0:52.1	Of course. Thanks for having me. Andy's good to see you
0:54.3	again. Yeah, you as well. Looking forward to it. So this is a long email, which is why Joe and Big Al
1:00.0	have been skipping it since January, because if you listen to the podcast regularly, you know that
1:04.4	Joe has a little bit of trouble with the words. This is dense. Yeah, it's dense. Yeah,
1:09.2	that's a good word for it. So I'm going to try and crank
1:11.7	through it as quickly as I can, and then we'll see if we can pull it apart. Sounds like a plan.
1:16.0	Greetings. Currently discovered your podcast. I enjoy your show and the spitballing. Thank you for
1:20.8	sharing your financial wisdom and providing valuable info to your listeners. Your answers to my
1:25.6	questions below will be greatly appreciated. My best friend
1:28.4	forever calls me Sunshine. Single, no kids, live in Orange County, Southern California. Now, Sunshine
1:33.9	doesn't say whether Sunshine is a she or a he, so I'm going to go with she, and Sunshine,
1:39.5	I apologize in advance if that's incorrect. Yeah, fellas, Sunshine, I think that could be she's single, she's got no kids, and she's
	...

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