Choosing the Right Investments for You - 512
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 14 January 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
What is the risk with BDCs, or business development company funds? Edward in Illinois wants to know. Do Pebbles and Bam Bam in Kentuckystone have too much invested in T-bills? Are mutual funds or ETFs a better place for them to invest qualified money in the decumulation phase? Is there a difference between a traditional IRA and a rollover IRA? And Keith in Connecticut is 34 and wants a spitball on whether his investments are appropriate for his time horizon, today on Your Money, Your Wealth® podcast number 512 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Gus in Philly needs a withdrawal strategy for his dad’s multi-year guaranteed annuities (MYGAs). Speaking of MYGAs, YouTube viewer Ken thinks everyone should invest in MYGAs and bonds, and nobody should ever pay a financial advisor. What do Joe and Big Al think? And finally, comments on your state of residence for tax purposes from Greg, the prorated sale of a primary residence, and bonds vs. pension from Keith, and 7SideWays tells the fellas to focus on PERMA already - but what is it?
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Timestamps:
00:00 - Intro: This Week on the YMYW Podcast
01:09 - What’s the Risk with Business Company Development (BDC) Funds? (Edward, IL)
04:04 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles & Bam Bam, Kentuckystone)
11:21 - LIMITED TIME OFFER: Download the DIY Retirement Guide by Friday, Jan 17, 2025!
12:24 - I’m 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT)
18:22 - Multi-Year Guaranteed Annuity (MYGA) Retirement Withdrawal Strategy for Dad (Gus in Philly)
22:34 - Just Buy MYGAs and Bonds and Don't Pay an Advisor (comment from Ken, YouTube)
27:36 - Schedule a Free Financial Assessment with Pure Financial Advisors, Learn More about Pure's Fees and Services
28:47 - State Taxes vs. State of Residency (comment from Greg, Temecula)
30:17 - Favor Questions from People with Less than $6M Please (comment from Ed, YouTube)
31:08 - Prorated Sale of Primary Residence (comment from Keith, YouTube)
33:01 - $1M Bonds vs. $40K/yr Pension (comment from Keith, YouTube)
34:54 - Focus on PERMA Already (comment from 7SideWays, YouTube)
36:11 - YMYW Podcast Outro
Transcript
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| 0:00.0 | What is the risk with BDCs or business company development funds? |
| 0:04.4 | Edward in Illinois wants to know. |
| 0:06.3 | Do Pebbles and Bam Bam in Kentucky Stone have too much invested in T bills? |
| 0:10.9 | Are mutual funds or ETFs a better place for them to invest qualified money in the decumulation phase? |
| 0:17.0 | Is there a difference between a traditional IRA and a rollover IRA? |
| 0:20.8 | And Keith in Connecticut is 34 and wants us fitball on whether his investments are appropriate |
| 0:25.9 | for his time horizon. |
| 0:27.6 | Today on Your Money, Your Wealth podcast number 512. |
| 0:31.0 | Plus, Gus in Philly needs a withdrawal strategy for his dad's migas or multi-year guaranteed |
| 0:36.6 | annuities. |
| 0:40.0 | Speaking of migas, YouTube viewer Ken thinks everyone should invest in migas and bonds and nobody should ever pay a financial advisor. |
| 0:45.9 | What did Joe and Big Al think? And finally, comments on your state of residence for tax purposes |
| 0:50.5 | from Greg, the pro-rated sale of a primary residence and bonds versus a pension from Keith, |
| 0:55.8 | and seven sideways tells the fellas to focus on perma already. |
| 0:59.9 | But what is it? We'll find out. |
| 1:01.8 | I'm executive producer Andy Last, and here are the hosts of Your Money, Your Wealth, |
| 1:06.2 | Joe Anderson, CFP, and Big Alclopine CPA. |
| 1:09.6 | Edward, he's in Illinois. |
| 1:11.4 | He's like, I have been buying BDC funds. |
| 1:15.5 | They are paying close to 10% dividends and at least recently slight nav growth and net |
| 1:23.5 | asset value. |
| 1:24.8 | I don't completely understand the risk of these funds. |
... |
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