Can You Do a Coronavirus-Related Distribution to Roth Conversion? - 278

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

🗓️ 16 June 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is it possible to do a Roth IRA conversion with a Coronavirus-Related Distribution from your retirement accounts? Joe and Big Al will explain whether you can, and if you should. Plus, more stimulus payment questions, charitable giving strategies from your required minimum distribution, selling stock for tax-free capital gains and an analysis of exchange traded funds vs. mutual funds. Send in money questions and access the transcript and free resources in the podcast show notes: https://bit.ly/YMYW-278

Transcript

Click on a timestamp to play from that location

0:00.0	Today on your money, your wealth, we've been getting a lot of questions about whether it's possible to do a Roth IRA conversion with a coronavirus-related distribution from your retirement accounts.
0:11.0	So Joe and Big Al will explain whether you can and if you should.
0:15.1	Plus, more stimulus payment questions, charitable giving strategies from your required minimum distribution,
0:20.6	selling stock for tax-free capital gains, and an analysis of exchange-traded funds versus index funds or mutual funds, and derails about beer and how little the YMIW team knows about Wisconsin geography. I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al-Clopline CPA.
0:41.6	We've got a lot of emails to go through.
0:43.9	We'll try to get as many as we can.
0:46.3	But we got Matthew writes in from middle of nowhere.
0:50.2	So who cares?
0:51.3	Wisconsin.
0:52.0	Yeah, doesn't really matter.
0:54.1	I'm curious, though, of where in Wisconsin? Wisconsin. Yeah, it doesn't really matter. I'm curious though of where in Wisconsin.
0:57.0	Yeah.
0:58.0	I mean, next to our neighbor.
0:59.0	I know.
1:00.0	I've been to Wisconsin.
1:01.0	Yeah, right.
1:02.0	Me too.
1:03.0	I've been to Madison.
1:04.0	Dearest Joe, Al, and what's her face?
1:09.0	What's her face?
1:10.0	Wow. I like Matthew.
1:12.6	Already.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.