Bear Market Survival & the 5W1H of Roth Conversions: YMYW Best of 2022 - 411

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

🗓️ 10 January 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

IRA withdrawal strategies when you retire in a down market, Roth contributions vs. Roth conversions, converting now or waiting to convert to Roth in retirement, and why you'd want to lose today's tax savings and contribute to Roth in the first place, today on the best of the YMYW podcast 2022. Plus, how to know if your financial plan is on track and the funniest Derails of the year. Visit the podcast show notes for more financial resources - including the free guide to the SECURE Act 2.0 - episode transcript, and Ask Joe & Big Al On Air for a retirement plan spitball analysis of your own: https://bit.ly/ymyw-411

Transcript

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0:00.0	Happy New Year, retirement savings and tax breaks have changed significantly with the passage of the Secure Act 2.0 in the final days of 2022.
0:09.8	And this new law contains about 100 different provisions that may affect your retirement.
0:15.6	Click the link in the description of today's episode in your podcast app.
0:18.8	Go to the podcast show notes now.
0:20.6	Watch the Secure Act 2.0
0:22.1	video, and download the companion guide to learn about some of the most immediate changes
0:26.8	that have already gone into effect. Today on Your Money, Your Wealth podcast number 411, the first
0:33.0	YMIW of 2023, we're revisiting your favorite topics of 2022, downmarket retirement withdrawal strategies,
0:41.2	and the 5W1H, that's the who, what, where, when, why, and how of Roth conversions,
0:47.4	plus the funniest derails of the year. We'll kick things off with your questions from the two
0:52.1	most popular episodes of the year. Number 379, six money strategies for down markets depending on your goals, and number 366.
1:00.5	Rough conversions versus Roth contributions.
1:03.1	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joey Anderson, CFP, and Big Al Clopine CPA.
1:11.6	We got Ryan, writes in from St. Louis.
1:14.1	Because I tried submitting online, but it did not appear to go through.
1:17.3	So sending it via email, thanks.
1:20.4	Okay, little note to IT.
1:23.5	Got a little problem with our website.
1:26.4	They have been told, and they keep saying,
1:28.5	well,
1:28.8	you know,
1:29.0	sometimes if people have slow internet connections and I'm thinking,
	...

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