Breaking Down the Confusing 5-Year Roth Clock Rules - 255

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

🗓️ 7 January 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Joe & Big Al explain, once and for all, the 5-year clocks for Roth conversions and Roth contributions and pro-rata rules. (Well, hopefully it’ll all make more sense to you by the time they get through it. If not, let us know.) We’ll also find out what the fellas think about holding cash until the inevitable economic downturn, lump-sum investing versus dollar-cost averaging, and the Total World Stock Index Fund. Ask money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-255

Transcript

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0:00.0	Happy New Year and welcome to Your Money, Your Wealth number 255, the first episode of 2020.
0:07.2	Today, Joe and Big Al will answer all your remaining questions from 2019, which is why this episode is a little bit lengthy.
0:13.9	They'll explain once and for all the five-year clocks for Roth conversions and Roth contributions, and they'll cover pro rata rules.
0:20.3	Well, hopefully it'll all
0:21.5	make sense to you by the time they get through it. If not, let us know. Click the link in the
0:25.6	description of today's episode in your podcast app, then click the banner that says Ask Joe and
0:30.4	Big Al on air and send us a voice message or an email with your questions and comments.
0:35.4	Also today on YMIW, we'll find out what Joe and Big Al
0:38.9	think about holding cash until the inevitable economic downturn, lonesome investing versus dollar
0:44.0	cost averaging, and the total world stock index fund. We've also got a bunch of derails at the end,
0:49.7	which also adds to the length of today's episode. I'm producer Andy Last and now from Apple Podcasts,
0:55.0	Google Podcasts, Stitcher, Spotify, Pandora, YouTube, Amazon Echo Devices, and your favorite podcast app.
1:01.7	Here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
1:08.0	Go into the email bag, Big Al. Already? I didn't hear your New Year's resolutions yet.
1:12.7	I don't have any.
1:13.8	No?
1:14.7	Did you have any last year?
1:15.8	Yeah.
1:16.4	What?
1:16.8	I write them down and I achieve them.
1:22.2	It's like old news.
1:23.5	I mean, I thought about it for months because you already finished it.
	...

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