Bear Market Investing Strategies and Revisiting the 5-Year Roth IRA Withdrawal Rules - 265

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

🗓️ 17 March 2020

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tax loss harvesting, Roth conversions and more: Joe and Big Al explain how bear markets like the one we're in now are the time to utilize these investing strategies in your retirement portfolio. And the fellas go over those Roth IRA 5-year withdrawal rules again. They’ll cover some Roth withdrawal mistakes and Roth rollover consequences, and they have a mea culpa for one of their peers. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-265

Transcript

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0:00.0	Today on your money, your wealth, Joe and Begall discuss investing strategies to utilize in trying times like these.
0:07.9	And since they did such a bang-up job of explaining the five-year Roth clocks back in episode 255,
0:13.6	today the fellas go over those withdrawal rules one more time.
0:16.9	Well, actually, three more times.
0:18.7	They'll cover some Roth mistakes and consequences, and they have a mea culpa for one of their peers.
0:23.7	Yes, peers.
0:25.2	But first, sports.
0:26.8	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Out Clopine CPA.
0:35.3	It's been an interesting week to say the least.
0:38.4	Hopefully everyone's safe.
0:41.1	That's sick.
0:42.0	Yeah, I mean, that's the main thing at times like this.
0:44.5	We haven't really had too many of these types of things to go through.
0:47.6	We've had other pandemics, but they've never really hit the U.S. to this extent, I would say. Right. So, uncharted territory,
0:57.7	I guess for me anyway. It is. And you and I are sports fans. So we could talk about the market,
1:03.0	but I'd rather talk about sports. Everything's canceled, so why even talk about it? Yeah,
1:07.1	well, I want to sort of bring up what's canceled. So PGA Tour, they're going to continue the tour but with no spectators.
1:13.6	Marchman is gone.
1:15.6	Canceled.
1:16.6	That's my favorite part of the year.
1:17.6	I know it is, yeah. And in fact, all the college basketball tournaments for this weekend are canceled.
1:22.6	NBA suspended their season. NFL teams are curtailing or stopping scouting operations.
	...

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